TT Electronics plc (TTG) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.145 -- 00:00:06.553 Good morning. I'd like to welcome everyone in the room and on the webcast to the 00:00:06.553 -- 00:00:08.997 TT Electronics 2025 00:00:08.997 -- 00:00:11.520 half-year results presentation. 00:00:11.520 -- 00:00:16.508 I'm delighted to be here today to present the results as Chief Executive of TT. 00:00:16.508 -- 00:00:20.734 This follows a permanent appointment decision by the Board of Directors last month, and 00:00:20.734 -- 00:00:25.411 I'm grateful for the trust placed in me by the Board and for their support. 00:00:25.411 -- 00:00:30.378 I'm also very happy to introduce you to Richard Webb, our interim CFO, who joined us 00:00:30.378 -- 00:00:33.240 in May this year. It's 00:00:33.503 -- 00:00:38.450 been a remarkably busy five months since the 2024 results were announced in April, and 00:00:38.450 -- 00:00:40.513 we have made significant progress since then. 00:00:40.513 -- 00:00:45.741 In the first section today, I will cover the headlines for the half, including 00:00:45.741 -- 00:00:51.369 the key financials and an update on the actions taken to stabilise the business. 00:00:51.369 -- 00:00:55.332 Then Richard will take us through the results in more detail. 00:00:55.853 -- 00:01:00.960 In my second section, I will share more of my early impressions of TT's business. 00:01:00.960 -- 00:01:04.745 I'll also talk about the overall direction of travel and provide more colour on the outlook 00:01:04.745 -- 00:01:09.152 for the remainder of the current year. We'll then take Q&A. 00:01:09.152 -- 00:01:14.199 Before I start, however, I wish to recognise and thank all of my colleagues for their 00:01:14.199 -- 00:01:19.045 hard work, commitment and support during what has been a challenging time with significant 00:01:19.045 -- 0...