Tt Electronics Regulatory News (TTG)

15 Jan 2007 07:00

TT electronics PLC15 January 2007 TT electronics plc Trading Update In the Interim Report in September 2006, we stated that TT electronics hadachieved a strong order intake. These favourable trading conditions havecontinued and demand remained good during the second half. The group's profitfor the year ended 31 December 2006 is expected to be in line with marketforecasts. The market for electronic components in 2006 has been significantly better thanthe previous year and we expect this to continue into 2007. It is TTelectronics' strategy to drive long term growth by the introduction ofinnovative new products incorporating leading edge technologies. Demand hascontinued to grow for our new range of Autopad inductive sensors; we have alsobuilt on the success of our specialist tanfilm resistors and infra-red LEDsensors. The group has also received initial orders for its new Anothermproducts for applications with bright visible LEDs. The group's electronic manufacturing services (EMS) operations have benefitedfrom this year's restructuring and are now performing strongly. Our acquisitionof Apsco Holdings Inc. in the USA in November will enable the EMS operations toachieve global reach and also provide our Chinese operation with access to theimportant North American market. The preliminary results for the year ended 31 December 2006 will be announcedduring the week commencing 19 March 2007. J W Newman, Executive Chairman, said today "I am pleased to report that the group is performing well and that we continueto compete successfully across a range of market sectors." For further information please contact: TT electronics plcJohn W Newman, Executive Chairman: Tel: 01932 856 647 BiddicksZoe Biddick: Tel: 020 7448 1000 This information is provided by RNS The company news service from the London Stock Exchange