skip to content

Annual Results

TT Electronic operating profit rises 44%

09 March 2017 11:01

TT Electronics reported operating profit was 44% higher from £21.7m to £31.3m in the year to 31 December.

Management said this was due to continued customer focus, which drove new contract wins; strong sales performance in Asia.

TT reported operational efficiency improvements supported profit growth, while Aero Stanrew continued to perform well following its successful integration.

The company entered 2017 with good momentum and a robust order book.

FINANCIAL HIGHLIGHTS

- Robust organic revenue performance and returned to organic revenue growth in the second half of 2017

- Underlying operating profit up 26%, underlying EPS up by 19% at constant currency

- Good underlying cash conversion at 87%, further enhanced by £12.3m from sale of properties

- Return on invested capital improving, up 130bps

- Increase in dividend reflected progress in 2016 and confidence in 2017

At 11:01am: (LON:TTG) TT Electronics PLC share price was +6p at 169.25p

Story provided by StockMarketWire.com

Related Company: TTG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.