Business
Half-year Report
TT Electronics PLC reported interim results for the half-year ended June 30, 2025, with revenue at £237.9 million, a 6.0% organic decrease. Adjusted operating profit was £13.0 million, yielding a 5.5% margin. The company experienced a statutory operating loss of £5.1 million, after adjusting items of £18.1 million. Basic earnings per share were (5.8)p. Cash conversion was strong at 135%, and net debt, excluding lease liabilities, decreased to £73.3 million. The company's leverage ratio was 1.9x. Due to continued uncertainty, the Board has paused dividend payments. The Board expects full year adjusted operating profit to be in line with market expectations. Disclaimer*
About this update from Tt Electronics Plc
[{"type":"text","content":"\n 2025 Interim Results, 24 September 2025\n\n \n \n \n \nTT Electronics plc\n \nResults for the half-year ended 30 June 2025\n \n \nFor further information, please contact:\nTT Electronics \nEric Lakin, Chief Executive Officer\nRichard Webb, Interim Chief Financial Officer\nKate Moy, Head of Investor Relations Tel: +44 (0)1932 827 779\n\nMHP\nTim Rowntree / Ollie Hoare Tel: +44 (0) 7817 458804\n \n \nA management presentation for analysts and investors will be held today at 08.30 at Berenberg's offices at 60 Threadneedle Street, London and a webcast can be accessed at:\nhttps://stream.brrmedia.co.uk/broadcast/686fd7aec36b2d0013a249ea\n \nA recording of the presentation and Q&A session will be available on the website later in the day.\nA PDF of this half year announcement is available for download from https://www.ttelectronics.com/investors/results-reports-presentations/\n \n\n\n \nSignificant progress on operational turnaround\n \nTT Electronics plc (\"TT, \"the Group\"), a global engineer and manufacturer of electronic solutions for critical applications, today announces its interim results for the six months ended 30 June 2025 (the \"Period\").\n \nSummary\n· Good European performance, driven by strong growth in Aerospace & Defence, offset by challenges in North America and order delays for our Asian business\n· Closure of the Plano site underway and Cleveland turnaround progressing well\n· Strategic review of components business under separate management oversight\n· Net debt continues to reduce with strong cash conversion at 135%\n· Eric Lakin appointed CEO\n \n\n\n\n\n\n\n\n\n\n\n\n\n...