Company Announcements

For Release

7.00am, 11 September 2024

discoverIE Group plc

 Capital Markets Event

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Group"), a leading international designer and manufacturer of customised electronics to industry, will today host a Capital Markets Event for analysts and investors commencing at 1pm UK time at The Royal Society in London.

During the event, management will present an update on the Group's strategy and the latest developments, followed by an exhibition of the Group's products and technology from its portfolio of businesses.

Key topics for discussion at the event will include:

1.   The Group's proven strategy which has delivered excellent results over many years

2.   The strong foundations and sound fundamentals that underpin the next stage of growth

3.   The high-quality markets that the Group sells in to, presenting opportunities for compounding growth backed by efficiencies

4.   The fragmented industry that discoverIE operates in which presents clear consolidation opportunities.

No material or price sensitive information will be disclosed at the event.

If you wish to attend the event in person, please contact discoverIE@buchanan.uk.com

A live webcast of the presentation will be available via the website at www.discoverieplc.com or on https://brrmedia.news/DSCV_CMD. This will be available for playback after the event.

For further information, please contact:

Notes to Editors:

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group is committed to reducing the impact of its operations on the environment with an SBTi-aligned plan to reach net zero. With its key markets aligned with a sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top Rated by Sustainalytics. 

The Group employs c.4,500 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.