TT Electronics plc TTG
LSE · United Kingdom · Electronic Technology
GBp 175.00-3.00 (-1.69%)
Market closed· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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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.
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