Summary
TT ELECTRONICS delivered profits of Pounds 33.3 million in 2007. The following year they fell to Pounds 21.1 million and this year the company is expected to make just a few hundred thousand pounds.
It has been a rough recession for the global electronics business, which makes products for customers including the NHS, the Ministry of Defence and BMW. Until recently half its customers were car makers and as demand for new vehicles slumped, so did TT's orders. But even though this year's figures are likely to be poor, the company is well worth a closer look.See the full content of this document
Extract
Tt's Five-Year Plan Is Set to Deliver Results ; Midas
In the summer of 2008 TT appointed a new chief executive, Geraint Anderson, and a new finance director, Shatish Dasani. Weeks later, economies around the world went into meltdown.
Against this backdrop, Anderson and Dasani came up with a three- tofive-y...See the full content of this document
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