TT Electronics (GB:TTG) has released an update.
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TT Electronics has reported a resilient performance in the first half of 2024, with organic revenue growth of 1% when excluding pass-through revenue. The company took significant cost-cutting measures, resulting in £9 million in headcount savings, to counteract reduced demand in North American markets. Despite these challenges, the Board remains confident in achieving their full-year expectations, supported by strong order intake and the ongoing benefits from Project Dynamo, a program aimed at improving financial and operational performance.
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