Business
Half-Year Results
Half-Year Results.
About this update from Tt Electronics Plc
[{"type":"text","content":"\n\n\n \n2024 Interim Results, 8 August 2024\n \n \nTT Electronics plc\n \nResults for the half-year ended 30 June 2024\n \n \n \nFor further information, please contact:\n \n\n\n\n\nTT Electronics \nPeter France, Chief Executive Officer\nMark Hoad, Chief Financial Officer\nKate Moy, Investor Relations\n\n\n Tel: +44 (0)1932 827 779\n\n\n\n\n\n\n\n\n\n\n\n\nMHP\nTim Rowntree / Ollie Hoare\n\n\nTel: +44 (0) 7817 458804\n\n\n\n\n \n \nA management presentation for analysts and investors will be held today at 08.00 and can be accessed on https://stream.brrmedia.co.uk/broadcast/66717af2ee30aaf32018cb78\n \nA recording of the presentation and Q&A session will be available on the website later in the day.\n \nA PDF of this half year announcement is available for download from https://www.ttelectronics.com/investors/results-reports-presentations/ .\n\n\n\n\nInterim Results for the half-year ended 30 June 2024\n \nClear visibility to unchanged 2024 outlook\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£ million (unless otherwise stated)\n\n\nAdjusted Results1\n\n\nStatutory Results\n\n\n\n\n\n\n\nH1 2024\n\n\nH1 2023\n\n\nChange\n\n\nChange\n\n\nH1 2024\n\n\nH1 2023\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nConstant fx\n\n\n \n\n\n\n\n\n\n\nRevenue\n\n\n274.4\n\n\n309.1\n\n\n(11)%\n\n\n(8)%\n\n\n274.4\n\n\n309.1\n\n\n\n\nRevenue ex divestment\n\n\n258.3\n\n\n275.6\n\n\n(6)%\n\n\n(3)%\n\n\n \n\n\n\n\n\n\n\nOperating profit\n\n\n22.2\n\n\n25.6\n\n\n(13)%\n\n\n(8)%\n\n\n15.1\n\n\n20.9\n\n\n\n\nOperating profit ex divestment\n\n\n22.4\n\n\n25.0\n\n\n(11)%\n\n\n(5)%\n\n\n \n\n\n\n\n\n\n\nOperating profit margin\n\n\n8.1%\n\n\n8.3%\n\n\n(20)bps\n\n\n -\n\n\n5.5%\n\n\n6.8%\n\n\n\n\nOperating profit margin ex divestment\n\n\n8.7%\n\n\n9.1%\n\n\n(40)bps\n\n\n(20)bps\n\n\n \n\n\n\n\n\n\n\nProfit before tax\n\n\n17.0\n\n\n20.7\n\n\n(18)%\n\n\n(12)%\n\n\n9.9\n\n\n16.0\n\n\n\n\nBasic earnings per share\n\n\n7.2p\n\n\n8.8p\n\n\n(18)%\n\n\n(12)%\n\n\n3.4p\n\n\n6.8p\n\n\n\n\nReturn on invested capital (20232)\n\n\n11.83%\n\n\n12.0%\n\n\n(20)bps\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash conversion\n\n\n30%\n\n\n74%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\...