TI Fluid Systems Share News (TIFS)

TI Fluid Systems points to sales slowdown in 2024

(Sharecast News) - Shares in TI Fluid Systems dipped on Tuesday despite a largely in-line set of full-year results, as it pointed to slowdown in revenue growth in 2024.

IN BRIEF: TI Fluid Systems 2023 results to beat expectations

TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - Expects 2023 results to be "slightly ahead" of expectations. Revenue is anticipated at approximately EUR3.5 billion, up from EUR3.27 billion in 2022. Adjusted earnings before interest and tax margin expansion predicted at approximately 7.4%, driven by "commercial performance combined with cost reduction actions," it says. This compares to an Ebit margin of 5.5% in 2022. Looking ahead, the firm says it is well-positioned to capitalise on "opportunities of electrification while leveraging the strengths of our conventional portfolio to drive sustainable, profitable long-term growth."

TI Fluid Systems sees FY results 'slightly ahead' of expectations

(Sharecast News) - TI Fluid Systems said on Wednesday that full-year results were set to be "slightly ahead" of expectations after a continued strong performance in the fourth quarter.

UK earnings, trading statements calendar - next 7 days

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

IN THE KNOW: TI Fluid still "very attractive" despite challenging year

(Alliance News) - The stock market is not giving TI Fluid Systems enough credit for its "significant recovery potential", analysts at Jefferies said after a surprisingly positive trading update on Thursday.

TI Fluid Systems backs full-year guidance

(Sharecast News) - TI Fluid Systems backed its full-year outlook on Thursday as it reported "strong" revenue growth for the year to date.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: TI Fluid Systems launches EUR40 million buyback programme

TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - To begin a share buyback programme to repurchase shares up to EUR40 million. Plans to execute the buyback in a series of tranches, each up to a maximum of EUR5 million. The first tranche begins on Wednesday and will end no later than March 29. Explains the purpose of the buyback is to reduce its share capital. The company's intention to begin a buyback in the second half of 2023 was originally announced in August alongside the publication of its half-year results.

LONDON BRIEFING: Tesco profit surges; Spirent Comms cuts outlook

(Alliance News) - Stocks in London are called lower on Wednesday, as worries about a protracted period of elevated US interest rates tank risk sentiment.

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

TI Fluid sets out new divisional structure and bullish revenue outlook

(Alliance News) - TI Fluid Systems PLC on Wednesday backed annual guidance, set out medium-term targets and unveiled a new organisational structure.

TI Fluid Systems maintains guidance, unveils new regional structure

(Sharecast News) - TI Fluid Systems updated the market on its trajectory on Wednesday as the automotive industry continued its shift towards electrification.