TT Electronics H1 Adjusted Operating Profit Rose 37% to £18.5M, Exceeding Market Expectations, and is Considering Selling Components Division
TT Electronics plc (LON:TTG) reported its first-half adjusted operating profit increased 37% to £18.5 million, with the margin expanding to 8.1%, despite a 2.7% constant-currency revenue decline. Management now expects full-year adjusted operating profit to exceed current market expectations. The company is also evaluating a potential sale of its Components division after receiving encouraging interest, though no outcome is certain. Additionally, TT Electronics signed a multi-year agreement with Rolls-Royce to supply power electronics for civil aircraft engines.
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