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 to make further job cuts, revenues down YOY

By Iain Gilbert

Date: Thursday 14 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Electronic components manufacturer TT Electronics said on Thursday that it has been forced to make further job cuts in an effort to mitigate the impact of "substantial market changes".
TT Electronics said revenues had fallen 1% year-on-year in the four months ended 26 October and expects FY24 adjusted operating profits to be at the lower end of previous guidance of £37.0m to £42.0m, principally due to subdued demand in North America.

In order to combat this, TT Electronics said it was implementing a number of measures to strengthen its inventory and planning management, in addition to reducing its headcount, which it believes will result in increased productivity and streamlined processes.

Separately, TT Electronics revealed that chief financial officer Mark Hoad has announced his intention to retire from the company. Hoad will remain with TT until 30 September or until a suitable replacement can be found.

As of 1140 GMT, TT Electronics shares were up 0.53% at 75.20p.









Reporting by Iain Gilbert at Sharecast.com

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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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