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· Revenue up 10% on a constant currency basis, 8% on an organic basis, reflects our successful positioning in structural growth markets and new project wins
· Book to bill of 144% and record order intake, with 23 new significant contract wins in the half delivering over £60m of multi-year revenues.
· Order book more than double pre-pandemic levels and up 55% vs. prior year
· Adjusted operating profit up 5% at constant currency
· Pricing action offsetting inflationary pressures
· Investment in inventory to support increased customer demand, extended material lead times and shipment delays impacting cash flow and leverage, as anticipated
· Statutory operating profit down 4% at £8.9m, statutory basic EPS of 2.3p
· Interim dividend increased 11% to 2.0p per share reflecting confidence in full year outlook and future prospects
Results for the half-year ended 30 June 2022
188.78-195.02
throughout the World
https://www.ttelectronics.com/about/locations/
Market Cap currently 339 million - not so small eh
Am in for the long haul
Will see 270p and more
IMO
The interim results to end June 2022 are due out on 4th August. Probably more about the statement for the full year than the actual numbers reported. I hope you are right about 200p + but the market is not too interested in small electronic stocks.
186.71-196.29p
Hoping for 200++ this week
TT electronics is a technology based group with a leading position in sensors and electronic components and a significant presence in electronic manufacturing services and secure power systems in global markets.
https://www.proactiveinvestors.co.uk/LON:TTG/TT-Electronics-PLC
i would expect we will test 200p this week, with results expected on Thursday.
Watch this space!
190.64-194.19
5 minutes until close
Reiterated on 13 May
I have ever hope TTG will reach at least that target this year
IMO
194.39-195.61
Looking good to head above 200p next week
IMO
193.86-195.36
192.22-193.58
https://www.tipranks.com/stocks/gb:ttg/stock-analysis
currently 188.46-191.34
analyst target 297.50p
https://www.tipranks.com/stocks/gb:ttg/stock-analysis5
Anticipating super half-year results soon
TT Electronics PLC on Sunday announced a partnership with Honeywell Aerospace on "next-generation" inertial navigation power supply.
TT Electronics' Kansas City facility has been awarded a letter of authority from Honeywell Aerospace to proceed with the design of a new power supply for inertial navigation units.
TT Electronics is a Woking, England-based manufacturer of electronic components. Honeywell Aerospace is part of Honeywell International Inc which is a North Carolina, US-based industrial firm.
Having previously worked together on numerous projects, TT Electronics Vice President & General Manager Matt Sweaney said: "This award reinforces our long-standing partnership with Honeywell and also demonstrates TT’s strategy in action as we continue to grow our position in the aerospace and defence industry."
https://www.ttelectronics.com/investors/shareholder-info/financial-calendar/
half-year 2022 Results
https://www.ttelectronics.com/investors/shareholder-tools/share-price-table/
Certainly hope 325p (or there abouts)
is on the cards for later in 2022
IMO
https://www.ttelectronics.com/TTElectronics/media/SiteFiles/Investors/2021%20FY%20results/TT-Electronics-FY-21-Resultsvfinal.pdf
2021 was a year of strong performance for the Group
? Revenue and adjusted margins back to pre-pandemic levels
? Adjusted operating profit up 31%, reflecting benefits of growth, self-help and
action to offset cost & supply chain headwinds
? Outstanding performance from S&SC and GMS
? Record order book up 56%
? Good visibility for 2022
? Investment in inventory to deliver on our growth plan