TI Fluid Systems plc ( (GB:TIFS) ) just unveiled an announcement.
TI Fluid Systems plc reported its financial results for 2024, highlighting a challenging market environment with a 4.4% decline in revenue. Despite this, the company achieved a 40 basis point increase in its Adjusted EBIT margin to 7.8%, driven by productivity and efficiency initiatives. The company also made significant strides in its electric vehicle strategy, securing €1.1 billion in EV awards and launching new product lines. The pending acquisition by ABC Technologies and a strong cash return to shareholders marked a pivotal year for the company, which also saw a significant reduction in carbon emissions and continued progress in China.
More about TI Fluid Systems plc
TI Fluid Systems plc is a global leader in the automotive industry, specializing in highly engineered fluid storage, carrying and delivery systems, as well as thermal management products and systems. The company focuses on providing solutions for both conventional and electric vehicles, positioning itself as a key player in the transition to electrification.
YTD Price Performance: 1.76%
Average Trading Volume: 3,967,265
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £968.2M
Learn more about TIFS stock on TipRanks’ Stock Analysis page.