Category

Acal plc

Category

Organic growth at all its division propelled Acal plc revenues forward 21% in the first six months from £156.7m to £190.2m. The supplier of customised electronics to industry posted a year on year 42% increase in underlying profit to £10.4m. The company also announced a change of name to discoverIE Group plc to reflect the growing contribution of its design and manufacturing business. Commented Nick Jeffries, Group CEO, “Since 2011, we have been building a Design and Manufacturing business that would transform the Group into a higher margin business. D&M now accounts for 78% of Group underlying profit contribution and to reflect this and, more importantly, our further ambitions, we are announcing today that the Company is changing its name to discoverIE Group recognising how we help our customers to ‘discover innovative electronics’. The Group’s operating business names, which customers know and rely upon, remain unchanged, preserving trusted brands.” Group…