TT Electronics Reports 15% Revenue Drop Amid North American Challenges

TT Electronics has reported a 15% decrease in revenue to £521.1 million for 2024, coupled with a 17% drop in adjusted operating profit, primarily due to challenges in the North American market. The company is focusing on Project Dynamo to enhance cost savings and operational performance while addressing ongoing operational issues in North America. Despite these challenges, TT Electronics remains committed to high-growth markets such as healthcare, aerospace, and automation, supported by significant investments in R&D. In related news, TTM Technologies announced it will host a conference call on April 30, 2025, to discuss its first quarter financial performance, emphasizing its role as a leader in technology solutions with a focus on quick-to-market products. The company aims to keep investors informed and engaged, reinforcing its commitment to transparency. Both companies are navigating a landscape marked by economic uncertainties but remain focused on strategic growth and development.