TT Electronics Shares Jump as on Strong Profit Growth, Guidance Upgrade

TT Electronics (LSE: TTG) shares surged over 11% early on Wednesday after the electronics manufacturer posted a strong set of half-year results and lifted its full-year guidance, encouraging investors that a year-long turnaround is bearing fruit.

The Woking-based group reported adjusted operating profit of £18.5 million for the six months to 30 June 2026, up 37% on an organic basis from £13.5 million a year earlier, as adjusted operating margin expanded 230 basis points to 8.1%.

Revenue slipped 2.7% to £228.1 million, though management said underlying sales rose 4% once one-off factors—including the closure of the Plano site and a customer production transfer between its Suzhou and Kuantan facilities—were stripped out.

Statutory operating profit swung to £9.7 million from a £3.0 million loss, while adjusted basic earnings per share tripled to 5.7p. Net debt fell to £52.0 million, with leverage down to 1.1x from 1.9x a year ago.

Crucially, the board said it now expects full-year adjusted operating profit to come in ahead of current market expectations, with consensus previously pegged at £35.0 million.

Management cited robust order intake, a 112% book-to-bill ratio, and fresh contract wins with Rolls-Royce and a letter of intent with MBDA as evidence of improving commercial momentum heading into the second half.

Chief executive Eric Lakin said the results showed 2025’s restructuring actions were “starting to deliver tangible results,” pointing to the completed Cleveland turnaround and a return to profitability at the Components division, which remains under strategic review for a possible divestment.