17th Jul 2006 07:00
TT electronics PLC17 July 2006 Trading Update In May 2006 TT electronics plc reported that it had made a good start to theyear. The group has continued to achieve a strong order intake and the tradingresult for the first half of 2006 is expected to be ahead of the first half of2005 and in line with market expectations. TT electronics' new leading edge technologies have been well received by new andexisting automotive customers. In particular, the group's Autopad inductivesensors continue to attract new customers and has built on the demand alreadyreceived from the German market with our first order for a chassis applicationfrom a major customer in the USA. TT electronics' operation in China continues to fulfil expectations and isgrowing rapidly. Since the business was acquired in March 2005, we have expandedits manufacturing capacity and it now has four factories with a total floor areaof 150,000 sq. ft. The group has plans to increase production at these newfactories to meet the growing demand from both the Chinese and other marketsworldwide. The interim results for the six months ended 30 June 2006 will be announced onMonday 11 September 2006. J W Newman, Executive Chairman said today: "Our businesses are performing strongly and I am encouraged by demand for ournew products which are key to our future" For further information please contact: TT electronics plcJohn W Newman, Executive Chairman: Tel: 01932 856 647 BiddicksZoe Biddick: Tel: 020 7448 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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