discoverIE Group (DSCV) Q4 2026 TU earnings summary

Executive summary

• Fourth quarter saw accelerated trading with strong sequential demand increases across all operating units.

• Magnetics & Controls division led growth, especially from industrial and medical customers; Controls orders grew strongly for the third consecutive quarter.

• Sensing & Connectivity division showed improvement, driven by industrial, security, and wireless segments.

Financial highlights

• Q4 group orders rose 16% CER and 15% organically, outpacing sales for the third consecutive quarter.

• Q4 group sales increased 6% CER and 5% organically; acquisitions contributed 1%.

• Full year group orders up 9% CER and 5% organically; order book increased 6% over H1.

• Full year group sales up 5% (reported and CER), 2% organically, with 3% from acquisitions; both divisions saw 2% organic sales growth.

• Gross margins remained robust.

Outlook and guidance

• Group is on track to deliver another year of growth in adjusted earnings per share, in line with consensus market expectations (40.1p).

• Additional investments in operating capacity in Thailand, India, US, and Europe to support further growth.

• Well positioned for further resilient growth with a strong pipeline of organic and acquisition opportunities.