Half Year 2023 TT electronics PLC Earnings Call Transcript

Aug 03, 2023 / 08:30AM GMT
Richard Tyson -

Fantastic. Right then. Good morning, everyone, and thank you for joining me for the TT Electronics 2023 Half Year Results Presentation. I'd also like to extend a warm welcome to those of you joining on the webcast. And as usual, with me today is our CFO, Mark Hoad. Now it's our last double act together, as I will be leaving in the autumn, and Mark will be working with our new CEO, Peter France, who many of you will know. So now we'll run through the presentation and then open up for your questions.

We've had a really good first half, building on the momentum of last year, and I'm delighted with these results. We've delivered on all the key priorities we set and at the start of the year, we said we needed to execute on the strong order book that we had, and deliver more organic growth, improve margins, continue the improvement in power and connectivity performance, returned to positive free cash flow following a period of investment and finally, reduce leverage. We tick the box on all of them. But importantly, there's plenty more to come.

The team have been brilliant as always. I

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