Replay available

TT Electronics plc (TTG) Q2 2026 Earnings Call

TT Electronics plc (LSE: TTG) Q2 2026 earnings conference call, held 2026-09-02. Replay captured from the company's public earnings webcast.

Wed, September 2, 2026 at 4:00 AMendedReplay
TT Electronics plc (TTG) Q2 2026 Earnings Call

Investor webinar replay

Meeting Overview The meeting was an interim results presentation for 2026, led by the CEO Eric Lakin and newly appointed CFO Ian Ashton. The discussion focused on the company's progress, operational improvements, and strategic priorities for the second half of the year, highlighting significant profitability gains and organizational changes. Key Discussion Points - Introduction of new board members: Ian Ashton (CFO), Phil Swash (Chairman), and Mary Waldner (Senior Independent Director). - Overview of the transition year (2025) and shift to execution in 2026. - Significant improvement in profitability with a 37% increase in adjusted operating profit. - Three main drivers of profit improvement: operational actions in EMS, return to profitability in components, and successful implementation of strategic priorities. - Update on the four strategic priorities: divisional realignment, cost reduction program, sales transformation, and portfolio optimization. - Details on the divisional real...

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Companies on this event

Featured Presenters

Eric Lakin

Chief Executive Officer

Ian Ashton

Chief Financial Officer

Joel Spungen

Investec Analyst

Henry Carver

Singer Analyst

Toby Thorrington

Equity Development Analyst

Mark Fielding

RBC Analyst

Replay transcript excerpt

Speaker 1: Good morning everyone and welcome to our interim results presentation Speaker 1: for 2026. Speaker 1: I'm Eric Lakin, Speaker 1: CFO, Speaker 1: CEO rather, if you have that right, 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 1st set of results with TT and it is great to have him alongside me today. Speaker 1: I would also like to thank Richard Webb who has very effectively served as interim CFO Speaker 1: since May last year and I wish him well for the future. Speaker 1: Ian's appointment is 1 of a number of changes to the board this year. Speaker 1: Phil Swash joined as chairman in May, and I'm pleased to say he's in the room with us today, if any of you wish to meet him afterwards. Speaker 1: Also Mary Waldner joined last week as Senior Independent Director and Chair of the Audit Committee. Speaker 1: 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. Speaker 1: Today, we'll update you on the progress we've made, the actions we've taken, Speaker 1: and our priorities for the 2nd 0.5 and beyond. Speaker 1: When we spoke in March, I described Speaker 1: 2025 Speaker 1: as a year of transition. Speaker 1: It was a year in which we faced real operational challenges, Speaker 1: took decisive action to address them, and rebuilt the foundations of the business to deliver sustainable, Speaker 1: profitable growth. Speaker 1: I also said that our focus for 2026 Speaker 1: would shift from stabilising the business to executing against a clearly established value creation plan. Speaker 1: 6 months on, this is what has happened. Speaker 1: The 1st 0.5 has been about discipli...

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