Business
Interim Results
Interim Results.
About this update from Tt Electronics Plc
[{"type":"text","content":"\n \n \n RNS Number : 2928V\n TT Electronics PLC\n 06 August 2020\n \n \n \n \n \n \n \n 2020 Interim Results, 6 August 2020\n \n \n \n \n \n \n \n \n \n \n \n TT Electronics plc \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Results for the half-year ended 30 June 2020\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 \n For further information, please contact:\n \n \n \n TT Electronics\n \n \n \n \n Richard Tyson, Chief Executive Officer\n \n \n Mark Hoad, Chief Financial Officer\n \n \n Julian Wais, Head of Investor Relations and Communications Tel:\n \n \n \n +44 (0)1932 827 779\n \n \n \n MHP Communications\n \n \n \n Tim Rowntree / Rachel Mann Tel: +44 (0)20 3128 8100\n \n \n \n \n \n A pre-recorded management presentation for analysts and investors will be available today from 07.00 and can be accessed on \n \n https://www.ttelectronics.com/investors/investor-highlights/reports-presentations-videos/\n \n . This will be followed by a moderated Q&A session commencing at 08.30, which can be accessed by dialling +44 (0)330 336 9126, confirmation code 9393105. A recording of the Q&A session will be available on the website later in the day.\n \n \n A PDF of this half-year announcement is available for download from https://www.ttelectronics.com/investors/investor-highlights/reports-presentations-videos/.\n \n \nInterim Results for the half-year ended 30 June 2020A resilient performance with an encouraging medium-term outlookSummary· As a result of actions taken, TT entered the pandemic well placed to withstand its impact and emerge strongly · Decisive and well executed response to COVID-19o Operational throughout due to actions and essential nature of productso Employees protected, costs reduced, cash spend minimisedo Gradual recovery in organic revenue through the second quarter, after April low point; all sites now open and capacity improving· Actively progressing strategy executiono Significant self-help programme extended and underway, with expected 202...