TT electronics PLC
15 January 2007
TT electronics plc
Trading Update
In the Interim Report in September 2006, we stated that TT electronics had
achieved a strong order intake. These favourable trading conditions have
continued and demand remained good during the second half. The group's profit
for the year ended 31 December 2006 is expected to be in line with market
forecasts.
The market for electronic components in 2006 has been significantly better than
the previous year and we expect this to continue into 2007. It is TT
electronics' strategy to drive long term growth by the introduction of
innovative new products incorporating leading edge technologies. Demand has
continued to grow for our new range of Autopad inductive sensors; we have also
built on the success of our specialist tanfilm resistors and infra-red LED
sensors. The group has also received initial orders for its new Anotherm
products for applications with bright visible LEDs.
The group's electronic manufacturing services (EMS) operations have benefited
from this year's restructuring and are now performing strongly. Our acquisition
of Apsco Holdings Inc. in the USA in November will enable the EMS operations to
achieve global reach and also provide our Chinese operation with access to the
important North American market.
The preliminary results for the year ended 31 December 2006 will be announced
during the week commencing 19 March 2007.
J W Newman, Executive Chairman, said today
'I am pleased to report that the group is performing well and that we continue
to compete successfully across a range of market sectors.'
For further information please contact:
TT electronics plc
John W Newman, Executive Chairman: Tel: 01932 856 647
Biddicks
Zoe Biddick: Tel: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange
BBK
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