TT Electronics plc (TTG) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.300 I'd like to welcome you all in the room and on the webcast to the TT Electronics 00:00:05.300 -- 00:00:08.104 2024 interim 00:00:08.104 -- 00:00:09.987 results presentation. 00:00:09.987 -- 00:00:15.376 It is a very busy morning for results and we thank you all for making the 00:00:15.376 -- 00:00:20.485 early time to be with us. I'm really pleased to have our CFO Mark Hode 00:00:20.485 -- 00:00:26.845 with me this morning and he will take us through the interim results. 00:00:26.845 -- 00:00:31.953 I will then talk about the great progress we have made in the first half on Project 00:00:31.953 -- 00:00:38.283 Dynamo, and I will provide more detail on the eight work streams that have been initiated, 00:00:38.283 -- 00:00:41.247 together with some early results. 00:00:41.247 -- 00:00:44.349 We will then take Q&A. 00:00:44.952 -- 00:00:49.819 And I just wanted to say before we get into the detail of the presentation that we have 00:00:49.819 -- 00:00:54.846 been very active over the period. Despite some challenging macro 00:00:54.846 -- 00:01:00.394 conditions, during the first half we have completed the sale of three 00:01:00.394 -- 00:01:03.559 business units described as Project Albert. 00:01:03.559 -- 00:01:07.144 We have reorganized the management structure, 00:01:07.144 -- 00:01:12.332 refreshed our strategy, and introduced our self-help program across 00:01:12.332 -- 00:01:16.014 the business, Project Dynamo. 00:01:16.070 -- 00:01:21.097 This early progress not only supports reaching our expectations and targets for 00:01:21.097 -- 00:01:26.184 the year, but it also strengthens our view that we are well positioned for 00:01:26.184 -- 00:01:31.149 significant further improvement over the coming years. 00:01:31.832 -- 00:01:35.5...