India, Oct. 14 -- discoverIE Group plc (DSCV.L), a designer and manufacturer of customised electronics for industrial applications, Wednesday reported a 14% increase in group sales for the first half, or 13% at constant exchange rates (CER).
Organic sales grew 8% at CER, led by the Magnetics & Controls (M&C) division, which recorded 13% growth on strong demand from the industrial electrification, renewable energy and security sectors. Organic sales in the Sensing & Connectivity (S&C) division increased 1%.
Group orders rose 22% organically, with M&C orders up 25% and S&C orders up 18%. Group orders increased 30% at CER.
Looking ahead, the company continues to expect full-year adjusted earnings to exceed the board's expectations, with str...