Trading Statement

TT electronics PLC 12 January 2004 TT electronics plc Trading update The Board of TT electronics plc is confident that trading during 2003 has been in line with current City expectations. The reorganisation of the magnetics businesses referred to in the Interim Report in September 2003 has now been substantially completed. Optek Technology Inc, which was acquired in December, has significantly expanded our sensor activities in the USA and has introduced new markets and technologies to the group. This acquisition is now being integrated into the group's operating and reporting structure and will benefit the group's earnings per share in 2004. The trading outlook is more encouraging than at the same time last year. TT electronics enters 2004 with a broader customer base and an increased product range. Currently demand for our automotive products remains strong and our overall order intake for sensors and electronic systems continues to grow. The markets for electronic components are now showing signs of improvement which we anticipate will increase future demand for our products. In the absence of a significant unforeseen event, the Board intends to recommend a final dividend for 2003 at the same level as for 2002. Enquiries: 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
UK 100

Latest directors dealings