Trading Update

TT electronics PLC 17 January 2006 Trading Update It is anticipated that the group's trading profit from continuing operations for the year ended 31 December 2005 will be in line with market expectations. The group has achieved very strong cash generation and the Board's intention is to propose that the final dividend is maintained at last year's level. 2005 was a year of consolidation for TT electronics. Decisive action was taken to eliminate the loss-making businesses at AEI Power Cables Division at Gravesend, AB Automotive (France) and Prestwick Circuits. These actions will have a beneficial impact on future performance. The land which became surplus at Gravesend was successfully sold. The initial payment was brought into our interim results and the additional proceeds, which are expected to be significant, will probably be received and accounted for as profit in 2007. The group continues the migration of manufacturing to lower labour cost countries where appropriate and the group's new facility in China, acquired in March 2005, provides a good base from which to expand. TT electronics has established a strong global position across a range of market sectors. The group continues to develop new leading edge products to meet its customers' needs, such as the successful Autopad sensor technology. For further information please contact: TT electronics plc Tel: 01932 856 647 John Newman, Executive Chairman Biddicks Tel: 020 7448 1000 Zoe Biddick This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings