discoverIE Group (DSCV) Trading Update summary

Financial performance and trading update

• First half earnings aligned with board expectations, supported by strong operational and cash performance.

• Group sales rose 3% at constant exchange rates, with organic sales up 0.5% and acquisitions contributing 2.5% growth.

• Three out of four operating units showed organic sales growth, while the Controls unit faced subdued demand from large customers.

• Orders increased 5% at constant exchange rates, with a notable 13% rise in Q2; order book remains strong for the rest of the year.

• Gross margins stayed robust, working capital was tightly managed, and gearing at 1.3x is below the target range.

Strategic positioning and outlook

• Positioned for continued organic and inorganic growth as market conditions stabilize.

• Significant capacity exists to support an expanding acquisition pipeline.

• Focused on key markets such as medical, electrification, renewable energy, security, and industrial automation.

• Committed to sustainability, holding an ESG "A" rating from MSCI and top ratings from Sustainalytics.

• Interim results are scheduled for release on 2 December 2025.