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Q4 2020 TT electronics PLC Earnings Call Transcript
All right. Good morning, everyone. Thanks for listening in. I appreciate it's an early start this morning, and welcome to TT's 2020 Results Presentation.
No one could have predicted how 2020 would turn out. We came into the year with good momentum. The main impact from COVID hit in Q2, but we dealt with it really well. Having got on top of the issues, we pressed on with an eye firmly on the future and delivered significant strategic progress and further strengthened the quality of the business.
We've invested around GBP 60 million in near-term and future growth. And we acquired Torotel and Covina, which are already adding value to the group. And we've continued to invest in technology and R&D to support future organic growth. We've built even closer customer relationships and increased our pipeline of new business opportunities.
We've also been recognized for our work on ESG, a better CDP score and receiving an improved AA rating from MSCI, demonstrating that ESG runs through every part of our business.
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