TT Electronics reconfirms 2025 outlook despite heavy year‑end profit requirement

(Sharecast News) - Engineered electronics group TT Electronics reconfirmed its fullyear guidance on Monday, despite acknowledging it needs to deliver around �12m in adjusted operating profit over the final two months of the year to meet expectations.

TT reiterated its forecast for 2025 adjusted operating profit of �33.7m, which includes roughly �2m of profit from oneoff lasttime buys linked to the closure of its Plano site, but said the outcome required a significant stepup in November and December trading.

The AIM-listed group noted that orders received were consistent with achieving the uplift, though delivery timelines would need to remain on track.

Revenues for the four months ended 25 October came in broadly flat at �150.4m, with performance across regions in line with expectations, while net debt, excluding lease liabilities, stood at �77m, compared with �73m at the end of June.

TT highlighted continued strength in its European businesses but said there was still no sign of recovery in EMS or Components, with macroeconomic and tariff uncertainty weighing on customer purchasing behaviour. The order book overall was similar to the same point last year, though EMS remained below normal levels.

Looking ahead, TT said market conditions made it difficult to predict performance in 2026, but said that if activity remained at current levels, trading was expected to be broadly in line with 2025, though without the benefit of the �2m Plano lasttime buys.

As of 0850 GMT, TT Electronics shares were down 2.39% at 132.16p.

Reporting by Iain Gilbert at Sharecast.com