TT Electronics PLC (LSE:TTG)
£ 1.475 0.015 (1.03%) Market Cap: 261.42 Mil Enterprise Value: 388.62 Mil PE Ratio: 0 PB Ratio: 0.96 GF Score: 70/100
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Full Year 2018 TT electronics PLC Earnings Call Transcript

Mar 06, 2019 / 08:00AM GMT
Release Date Price: £2.03 (+0.25%)
Richard Tyson
TT Electronics plc - Group CEO & Executive Director

Right. Good morning, everyone, and welcome to our full year results presentation. So 2018 really was an excellent year for TT Electronics. We've delivered strong organic growth in both revenue and profitability, supplemented by 2 acquisitions, which added to our momentum. Margins have made another step forward. It's now 7.8%, partly through changing the shape of the business, but mostly through how we do business.

And importantly for the future, we've improved on all of our financial metrics. And not only have we done that, but we've continued to increase investment for growth. We've won a substantial number of new customers and new contracts, supporting growth for 2019, and in some cases, providing visibility beyond. And we've continued to invest in R&D to drive organic growth. R&D spend is up significantly, 37% overall. So we are now spending over GBP 12 million on developing new products and solutions to support growth in the years to come.

And on the M&A front it's been a busy year with the

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