TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

101.00p
   
  • Change Today:
      1.60p
  • 52 Week High: 161.00p
  • 52 Week Low: 73.00p
  • Currency: UK Pounds
  • Shares Issued: 178.05m
  • Volume: 82,158
  • Market Cap: £179.83m
  • RiskGrade: 186

TT Electronics full year ahead of expectations

By Michele Maatouk

Date: Wednesday 08 Mar 2023

LONDON (ShareCast) - (Sharecast News) - TT Electronics said on Wednesday that its 2022 performance had been ahead of expectations as it hailed a record order intake.
In the year to the end of December, pre-tax profit rose 13% to £40.4m, with revenue up 22% at £617m. Operating profit was 19% higher at £47.1m.

The company - which provides engineered electronics for performance critical applications - pointed to a "significant" number of new customer wins and incremental business opportunities with existing customers, alongside continued market share gains.

"The growth in revenue and the strong order intake also reflect multi-year programme wins and the positive structural trends evident in our end markets," said chief executive Richard Tyson.

"Our teams across the group have executed exceptionally well in the continuing challenging environment, given the significant supply chain and cost headwinds, to deliver a strong trading performance with very good profit growth, ahead of expectations."

He said that at the end of December, the order book gave the group visibility over around 90% of planned 2023 revenues, up from 77% revenue visibility at the same time a year earlier.

The company lifted its interim dividend to 6.3p a share from 5.6p.

At 1150 GMT, the shares were up 3.7% at 205.47p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TT Electronics Market Data

Currency UK Pounds
Share Price 101.00p
Change Today 1.60p
% Change 1.61 %
52 Week High 161.00p
52 Week Low 73.00p
Volume 82,158
Shares Issued 178.05m
Market Cap £179.83m
RiskGrade 186

TT Electronics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.94% above the market average93.94% above the market average93.94% above the market average93.94% above the market average93.94% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
35.68% below the market average35.68% below the market average35.68% below the market average35.68% below the market average35.68% below the market average
8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average
Income
66.76% above the market average66.76% above the market average66.76% above the market average66.76% above the market average66.76% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Growth
79.24% below the market average79.24% below the market average79.24% below the market average79.24% below the market average79.24% below the market average
75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 3
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TT Electronics Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-24 11-Apr-24
Paid 15-Oct-24 15-May-24
Amount 2.25p 4.65p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 12,243 @ 101.00p
16:35 1 @ 101.00p
16:35 4,498 @ 101.00p
16:35 535 @ 101.00p
16:35 343 @ 101.00p

TT Electronics Key Personnel

Chair Warren Tucker
CEO Eric Lakin

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