TT Electronics (GB:TTG) has released an update.
TT Electronics, a global provider of engineered electronics for performance critical applications, has reported a slight dip in organic group revenue of 2% compared to last year, but maintains a positive book to bill ratio of 102%. Despite the current global economic uncertainty, the company’s aggressive cost management and Project Dynamo efficiency improvements support the board’s confidence in achieving a 10% operating margin for 2024. The company affirms its full-year outlook remains steady, backed by a strong orderbook and proactive business adjustments.
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