TT Electronics (LON:TTG) H1 2024 results
Key financial results
- Revenue: GBP 274.4 million (11% less than H1 2023).
- Net income: GBP 6.00 million (50% less than H1 2023).
- Profit margin: 2.2% (compared to 3.8% in H1 2023). The decrease in margin was due to lower sales.
- Earnings per share: GBP 0.034 (compared to GBP 0.068 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
TT Electronics sales exceed expectations, EPS falls short of expectations
Sales exceeded analysts’ estimates by 1.7%. Earnings per share (EPS) missed analysts’ estimates by 48%.
Sales are expected to remain stagnant over the next three years, compared to a growth forecast of 5.6% for the UK electronics industry.
Performance of British electronics industry.
The company’s shares rose 2.5% compared to the previous week.
Evaluation
TT Electronics’ financial results now suggest that the company’s shares could represent an opportunity based on six key indicators. Find out what analysts are predicting and how the current share price is developing.
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