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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Q4 2019 TT electronics PLC Earnings Call Transcript

Mar 04, 2020 / 09:00AM GMT
Release Date Price: £2.13 (+11.52%)
Richard Tyson
TT Electronics plc - Group CEO & Executive Director

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Joining on the webcast this morning.

So 2019 really was a very good year for TT. The numbers are good, reaping the benefits of the strategy we set out in 2015. And we're continuing to make big strides to improve the quality of the business. So 4% organic growth, fueled by the success in new customer wins and plenty of activity in aerospace, defense and medical markets partially offset by some softening in the industrial area, which were impacted by some destocking. But a clear highlight was in aerospace, defense and medical, where we achieved 22% organic growth. And this success is not just for 2019, but it increased our future year visibility and with customers that are the right fit for our business. And a combination of recurring multiyear revenues and new contract wins not only boosts the level of our order book, but gives us improved visibility for the third year in a row. And we continue to extend our product and technology capabilities through R&D investment and the 2 U.S. power

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