TT Electronics plc (TTG) Q4 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.035 Thank you for being here at short notice, 00:00:03.035 -- 00:00:08.281 and thank you for being on the webcast if you're listening live or on record. 00:00:08.281 -- 00:00:12.947 I have to say it's been quite a long year and a short night, 00:00:12.947 -- 00:00:18.254 but we are now here, so I'd like to just start by acknowledging that 2024 00:00:18.254 -- 00:00:21.778 was a difficult year for TT. 00:00:21.778 -- 00:00:23.180 Notwithstanding 00:00:23.180 -- 00:00:25.362 that, actually there were lots of positive spots. 00:00:25.362 -- 00:00:29.537 We had excellent performance in Europe, excellent performance in Asia. 00:00:29.537 -- 00:00:34.925 Our cash flow has really stepped up and helped our balance 00:00:34.925 -- 00:00:40.292 sheet. And we've completed what I think are very close to the final steps 00:00:40.292 -- 00:00:42.295 in sealing 00:00:42.295 -- 00:00:46.261 off and closing down and taking the risk out of our pension scheme. 00:00:46.261 -- 00:00:49.105 And there's been many other achievements as well. 00:00:49.105 -- 00:00:52.770 On the other hand, we've had plenty of challenges 00:00:52.770 -- 00:00:57.888 and a few opportunities to exploit. I'd like to thank Peter 00:00:57.888 -- 00:01:03.318 France for all of his contribution in 2024 and before. 00:01:03.318 -- 00:01:09.649 I'd like to thank the leadership team and I'd like to thank everyone in TT 00:01:09.649 -- 00:01:14.777 for navigating those challenges and delivering what in the circumstances was 00:01:14.777 -- 00:01:17.118 a good outcome. 00:01:17.422 -- 00:01:20.069 As you know, the accounts were delayed. 00:01:20.069 -- 00:01:24.395 But they are now resolved, signed, and we are announcing our results today. 00:01:24.395 -- 00:01:28.621 And that means we ca...