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TT Electronics PLC said revenue in the first four months of the year shrunk on tepid end-market demand in the Electronics Manufacturing Services segment. The Surrey, England-based electronic connector manufacturing company said revenue fell 4.8% year-on-year on an organic basis during the period, ‘reflecting expected softer EMS end-market demand’. ‘Revenues relating to the previously highlighted EMS customer transferred from TT Suzhou to TT Kuantan were £10 million lower than the same period last year which reflects the impact of safety stock built ahead of the transfer. Excluding the impact of this customer and the Plano site closure, group revenues increased organically by 2.9%,’ TT said. ‘While the aerospace and defence sector remains buoyant, demand in EMS end-markets continues to be impacted by macroeconomic uncertainty and customer caution.’ TT said it still expects adjusted operating profit for the year to be in line with consensus, which it puts at a range of £32.6 million to £38.5 million, compared to £37.2 million in 2025. Shares in the company were 1.0% lower at 116.82 pence each in London on Friday morning. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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