REG - TT Electronics PLC - CMD and Change to Reporting Segmentation <Origin Href="QuoteRef">TTG.L</Origin>

TT electronicsAnnouncement

16/07/2015 10:41

RNS Number : 9818P
TT Electronics PLC
12 June 2015
12 June 2015
TT Electronics plc
Capital Markets Day and Change to Reporting Segmentation
Capital Markets Day
TT Electronics ("TT" or the "Group"), a global provider of engineered electronics for performance critical applications, is today hosting a Capital Markets Day for analysts and investors.
Following the strategy review outlined with the preliminary results in March 2015, TT's management team will set out in more detail the Group's strategic priorities and how they expect these to underpin a return to sustainable profitable growth and improving value for shareholders.
Following the publication of our trading update on 12 May, no update on current trading will be provided.
Copies of the slides from the presentations made will be available on the Group's website (www.ttelectronics.com) later today.
Change to Reporting Segmentation
As previously announced, from the start of 2015 TT moved from three to four divisions, splitting Sensing and Control into two clear customer facing segments: Transportation Sensing and Control and Industrial Sensing and Control, to provide greater market focus and accountability. No change has been made to the Advanced Components or Integrated Manufacturing Services divisions. 
For the purpose of comparison, the Group is today publishing its segmental results for full year 2014, the first half of 2014 and full year 2013 on the new basis, as shown below:
Income statement information - continuing operations



2014


million
Transportation Sensing and control
Industrial Sensing and Control
Advanced Components
Integrated Manufacturing Services
Total
Sales to external customers
230.5 
58.8
98.8 
136.2 
524.3 
Segment underlying operating profit 
1.4
12.8
9.5 
5.5 
29.2 






Margin 
0.6%
21.8%
9.6%
4.0%
5.6%



H1 2014


million
Transportation Sensing and control
Industrial Sensing and Control
Advanced Components
Integrated Manufacturing Services
Total
Sales to external customers
118.9 
24.7
48.1 
69.4
261.1 
Segment underlying operating profit 
2.3
4.3
3.8 
2.7 
13.1 






Margin 
1.9%
17.4%
7.9%
3.9%
5.0%


Income statement information - continuing operations (cont.)



2013


million
Transportation Sensing and control
Industrial Sensing and Control
Advanced Components
Integrated Manufacturing Services
Total
Sales to external customers
234.5
50.7
100.4 
146.6
532.2 
Segment underlying operating profit 
8.7
8.8
4.3 
9.0 
30.8 






Margin 
3.7%
17.4%
4.3%
6.1%
5.8%
Segment assets and liabilities

Assets
Liabilities
million
2014
2013
2014
2013
Transportation Sensing and Control
113.5
126.6 
45.6
42.9
Industrial Sensing and Control
81.2
68.1
15.3
15.6
Advanced Components
57.2
51.7
16.3
15.4
Integrated Manufacturing Services
79.4
78.4
29.6
47.2
Segment assets and liabilities
331.3 
324.8 
106.8 
121.1
Pension liability
-
-
12.4
20.5
Unallocated assets and liabilities
46.3
62.8
70.6
42.7
Total assets and liabilities
377.6
387.6
189.8
184.3

Capital 
expenditure
Depreciation &
amortisation
million
2014
2013
2014
2013
Transportation Sensing and Control
21.4
20.3 
14.9
13.6
Industrial Sensing and Control
2.3
1.4
1.7
1.5
Advanced Components
7.8
4.5
3.7
3.7
Integrated Manufacturing Services
4.5
3.5
2.0
1.8
Total continuing operations
36.0
29.7
22.3 
20.6
For further information please contact:

TT Electronics plc 
Tel: 01932 825300
Richard Tyson, Chief Executive Officer
Mark Hoad, Chief Financial Officer


MHP
Tel: 020 3128 8100
John Olsen / Tim Rowntree / Jamie Ricketts

Notes: 
The Group's interim results will be announced on 20 August 2015

This information is provided by RNS
The company news service from the London Stock Exchange
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