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TT Electronics PLC (TTGPF) reports strong margin expansion and record order book despite revenue dip, with full-year profit expectations ahead of market forecasts.
TT Electronics (LON:TTG) said first-half adjusted operating profit rose 37% to £18.5 million as cost actions, an electronics manufacturing turnaround and the closure of an underperforming U.S. site lifted margins. Adjusted operating margin increased by 230 basis points from a year earlier to 8.1%,
Despite a dip in revenue, TT Electronics PLC (TTGPF) strengthens its financial position and targets future growth through strategic initiatives.
TT Electronics (LON:TTG) said fiscal 2025 was a “year of transition,” marked by operational challenges and actions aimed at restoring control, strengthening the balance sheet, and positioning the group for future growth, according to comments from CEO Eric Lakin and Interim CFO Richard Webb during t
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