UK's TT Electronics tumbles on weak trading update, FY25 view intact

TT electronics

30/06/2025 08:59

** Shares of TT Electronics TTG.L fall as much as 7.4% to 103 pence

** Stock top loser on FTSE small-cap index .FTSC

** Co reports 5.5% YoY drop in organic group revenue for five months to May 31, as headwinds in Asia and North America weigh on performance

** Co's book-to-bill at 101%; says strong performance in Europe offset by continued softness in North American business and some recent US order deferrals impacting Asia region amid tariff uncertainty

** Maintains guidance for FY25, expects adj operating profit in line with guidance

** TTG down ~4.6% YTD

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))