TT Electronics

TTG · Main Market · Technology · mcap £323m · 185.0p

TT Electronics designs and makes electronic components and contract-manufactured electronics for aerospace, defence, medical and industrial customers. It now reports in three regions: Europe, North America and Asia.

Target	Promise	Said	Status
Today · 14 Oct 2026
2026
2026	Deliver £17m net cost savings and margin improvement by 2026.	8 Aug 2024	… In progress
	“£17 million of potential benefits from cost savings and margin improvement identified by 2026, net of £4 million for reinvestment.” Also stated 10 Apr 2025 Status so far Not yet due.
2026	Deliver £15m cash from inventory in H2 2024 and a further £15m by end of 2026.	8 Aug 2024	… In progress
	“Inventory management project expected to deliver £15 million of cash in H2 2024 and an additional £15 million by 2026” Also stated 10 Apr 2025 Status so far Not yet due.
2026	Complete pension scheme buy-out in 2026.	24 Sep 2025	… In progress
	“we anticipate completing in 2026 after which we can conclude the wind up of the scheme” Status so far Not yet due.
2026	Cost reduction programme to deliver about £3m net benefit in 2026.	25 Mar 2026	… In progress
	“Approximately £3 million of net savings expected during 2026, with annualised run-rate savings expected to be more than double that amount.” Also stated 15 May 2026 · 2 Sep 2026 Status so far Not yet due.
2026	Full-year 2026 cash conversion of 70-80%.	2 Sep 2026	… In progress
	“Cash generation expected to strengthen significantly in the second half, with full-year cash conversion expected to be in the range of 70–80%.” Status so far Not yet due.
31 Dec 2026	Return to organic revenue growth in H2 2026.	2 Sep 2026	… In progress
	“Revenue expected to return to organic growth in the second half, supported by a strong order book.” Status so far Not yet due.
2027
FY2027	Annualised cost savings above £6m from FY2027.	2 Sep 2026	… In progress
	“Cost reduction programme on track, with annualised savings in FY2027 and beyond expected to be more than £6 million.” Status so far Not yet due.
2030
2030	Achieve Net Zero on Scope 1&2 emissions.	9 Apr 2024	… In progress
	“bringing forward by 5 years our plan to achieve Net Zero on our Scope 1&2 emissions, from 2035 to 2030” Status so far Not yet due.