Full Year Results 

TT prudent yet looking to grow

TT prudent yet looking to grow

This was a solid set of figures from TT Electronics (TTG), with operating profit up 12 per cent to £24.3m at constant currencies, buoyed by a 60 basis point increase in the underlying margin. The balance sheet looks in better nick following the November sale of its transportation sensing & control unit for £123m, reversing a net debt position to net cash of £47m, while the defined-benefit pension schemes moved into a net accounting surplus of £11.9m, against a deficit of £5.7m in 2016.

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