Jun 04, 2025 / 08:30AM GMT
Nicholas Jefferies - discoverIE Group plc - Group Chief Executive Officer, Executive Director, Member of the Management Committee
Hello, everybody. Thank you for coming this morning to the discoverIE annual results presentation.
So I think we have a couple of new faces in the audience, but it's the same old rogues here. Bruce, our Chairman over there; Simon, who's going to follow me, and of course, me and then Lili and Henry. So Henry is -- who's Henry. Everyone knows Henry. Henry is now part of the team with Lili on IR. So he'll answer all your questions. He can tell you the real answers now.
Right. So it has been a good year. As many of you will know, there has been quite some pressure on the top line with widespread industry destocking, but our operating profits are up 8% at constant exchange rate. We are very pleased with that. Of course, we are pleased with it.
We are also pleased with the fact that margins reached a record level of 14.3% for the year, 14.8% in H2. And that's against the target of 15% by FY28. So as a consequence of that, we've increased our target to 17%
Full Year 2025 discoverIE Group plc Earnings Call Transcript
Jun 04, 2025
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