tiprankstipranks
TT Electronics Balances Growth and Cost Cuts
Company Announcements

TT Electronics Balances Growth and Cost Cuts

TT Electronics (GB:TTG) has released an update.

Don't Miss Our Christmas Offers:

TT Electronics has reported a resilient performance in the first half of 2024, with organic revenue growth of 1% when excluding pass-through revenue. The company took significant cost-cutting measures, resulting in £9 million in headcount savings, to counteract reduced demand in North American markets. Despite these challenges, the Board remains confident in achieving their full-year expectations, supported by strong order intake and the ongoing benefits from Project Dynamo, a program aimed at improving financial and operational performance.

For further insights into GB:TTG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskTT Electronics Reports Change in Major Shareholder Holdings
TipRanks UK Auto-Generated NewsdeskTT Electronics Rejects Acquisition Offers Amid Valuation Concerns
TipRanks UK Auto-Generated NewsdeskTT Electronics Announces CFO Retirement and Leadership Transition
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App