TT ELECTRONICS PLC (TTG) — Half year results for the six months ended 30 June 2026

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the TT ELECTRONICS PLC half year results investor presentation. Questions are encouraged. They can be submitted at any time via the q and a tab that's just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and will publish your responses where it's appropriate to do so on the Investor Meet company platform. Before we begin, we would just like to submit the following poll. I would now like to hand you over to CEO, Eric Lakin. Eric, good morning, sir. Good morning, everyone, and welcome to our interim results presentation for 2026. I am Eric Lakin, CEO, and I'm joining this morning by Ian Ashton, who joined us as Chief Financial Officer at the end of June. This is Ian's first set of results with TT, and it is great to have him alongside me today. I would also like to thank Richard Webb. Ian's appointment is one of a number of changes to the Board this year. Phil Swash joined as Chairman in May. Also, Mary Waldner joined last week as Senior Independent Director and Chair of the Audit Committee. Together, these appointments significantly strengthen our experience as we progress in this next phase of TT's journey, and I'm delighted to serve with them on the Board. Today, we'll update you on the progress we've made, the actions we've taken and our priorities for the second half and beyond. When we spoke in March, I described 2025 as a year of transition. It was a year in which we faced real operational challenges, took decisive action to address them and rebuilt the foundations of the business to deliver s...