TT Electronics ( (GB:TTG) ) has shared an announcement.
TT Electronics reported its 2024 financial results, highlighting strategic progress in Europe and Asia despite challenges in North America. The company’s revenue decreased by 15% to £521.1 million, with adjusted operating profit down 17% due to a weak components market. Project Dynamo aims to improve cost savings and margins, while operational issues in North America are being addressed. The company remains focused on operational improvements and expects a range of outcomes for 2025 amid market uncertainties.
More about TT Electronics
TT Electronics is a global provider of engineered electronics for performance-critical applications, focusing on high-growth markets such as healthcare, aerospace, defense, electrification, and automation. The company invests in R&D to create reliable products like sensors, power management, and connectivity solutions, with facilities in the UK, North America, and Asia.
YTD Price Performance: -23.77%
Average Trading Volume: 797,748
Technical Sentiment Signal: Strong Buy
Current Market Cap: £138.5M
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