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TT Electronics Forecasts Higher 2026 Profit After Half-Year Surge

TT Electronics logoTT Electronics
Sig2.97Sen+5.61Env0.00Soc-0.50Gov+0.60

TT Electronics forecast full-year profit to top current market expectations after reporting a 37% jump in half-year adjusted operating profit to £18.5 million. The company expects 2026 adjusted operating profit to exceed the £35 million average view, as orders rose and a cost-reduction programme, including site closures and organisational changes, cut costs. It is reviewing its portfolio and evaluating a potential Components divestment, with annualised savings from fiscal 2027 onward expected to exceed £6 million.

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