TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

79.00p
   
  • Change Today:
    -3.40p
  • 52 Week High: 179.00p
  • 52 Week Low: 78.20p
  • Currency: UK Pounds
  • Shares Issued: 177.74m
  • Volume: 708,303
  • Market Cap: £140.41m
  • RiskGrade: 186

TT Electronics backs FY guidance amid strong order intake

By Michele Maatouk

Date: Friday 13 May 2022

LONDON (ShareCast) - (Sharecast News) - Engineered electronics provider TT Electronics backed its full-year outlook on Friday as it reported a jump in revenue and "strong" order intake.
In an update for the four months to the end of April, the company said group revenue was up 6% on the previous year at constant currency and 5% higher on an organic basis. This reflects "the ongoing healthy growth trends in TT's focus end-markets and the strength of our customer relationships," it said.

The firm said order intake continues to run "well ahead" of revenue, with book to bill for the four months at 151%, as it backed its expectations for the full year.

"Overall, the business continues to execute well in the face of Covid disruption and the well-documented supply chain issues," it said.

TT noted that its Power and Connectivity facility in Dongguan, China, was temporarily closed during the period, but the larger GMS facility in Suzhou, near Shanghai, has remained open.

"Our Sensors and Specialist Components and GMS divisions are performing well, whilst the results of our Power and Connectivity division are expected to be second half weighted," it said. "Our well-established self-help initiatives and our decisive action on pricing continue to effectively offset current cost inflation."

At 0920 BST, the shares were up 5.9% at 187p.

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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 79.00p
Change Today -3.40p
% Change -4.13 %
52 Week High 179.00p
52 Week Low 78.20p
Volume 708,303
Shares Issued 177.74m
Market Cap £140.41m
RiskGrade 186

TT Electronics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.18% above the market average99.18% above the market average99.18% above the market average99.18% above the market average99.18% 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
79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Income
98.93% above the market average98.93% above the market average98.93% above the market average98.93% above the market average98.93% 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
Growth
4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
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 31-Oct-2024

Time Volume / Share Price
14:16 899 @ 79.95p
14:16 1,121 @ 79.95p
14:16 2,344 @ 79.95p
14:16 2,125 @ 79.95p
14:16 14,015 @ 79.95p

TT Electronics Key Personnel

CFO Mark Hoad
Chair Warren Tucker

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