TT Electronics PLC (OTCPK:TTGPF)

Half Year 2025 TT electronics PLC Earnings Call Transcript

Sep 24, 2025 / 07:30 AM GMT

Release Date Price: $1.4

Transcript

Key Points

Positve

TT Electronics PLC (TTGPF) has made significant progress in stabilizing its North American business, including the closure of the loss-making Plano site and improvements at the Cleveland site.
The European region continues to perform well, with a 5% organic revenue increase and a 34% organic increase in adjusted operating profit, driven by strong aerospace and defense programs.
The company achieved an excellent cash conversion outcome of 135% in the first half, contributing to a reduction in net debt.
TT Electronics PLC (TTGPF) has secured significant customer wins, including a £23 million contract with Konsberg, highlighting strong customer relationships and growth potential.
The company is focused on structural growth markets driven by mega trends, with strong capabilities in power electronics and electronic manufacturing services.

Negative

Revenue was down by 6% organically, with significant declines in North America and Asia due to order delays and market challenges.
Adjusted operating profits declined by 29.7% organically, with a drop in adjusted operating margins by 180 basis points to 5.5%.
The company has paused dividends to focus on strengthening the balance sheet, which may disappoint income-focused investors.
The North American region faced a difficult half, with a 10% organic revenue decline and a £5 million loss, including significant losses at the Plano site.
The Asian region experienced a 9% organic revenue decline due to geopolitical uncertainties and order delays, impacting operating profit.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TTG.L - TT electronics PLC
Half Year 2025 TT electronics PLC Earnings Call
Sep 24, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. I'd like to welcome everyone in the room and on the webcast to the TT Electronics 2025 half year results presentation.

I'm delighted to be here today to present the results as chief executive of TT.

This follows a permanent appointment decision by the board of directors last month, and I'm grateful for the trust placed in me by the board and for their support.

I'm also very happy to introduce you to Richard Webb, our interim CFO, who joined us in May this year.

It's been a remarkably busy five months since the 2024 results were announced in April, and we have made significant progress since then.

In the first section today, I will cover the headlines for the half,

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