OverviewSuggest Edit

TT Electronics is a provider of engineered electronics for performance-critical applications. It offers sensors, power management devices, power application products and connectivity devices, as well as manufacturing services and engineering solutions. The company primarily serves industrial, medical, aerospace and defense, and transportation markets.

TypePublic
Founded1812
HQWoking, GB
Websitettelectronics.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2020)4,740
Revenue (FY, 2020)£431.8 M(-9%)
Share Price (Nov 2021)£2.5
Cybersecurity ratingBMore
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Key People/Management at TT Electronics

Richard Tyson

Richard Tyson

CEO
Warren Tucker

Warren Tucker

Chairman
Mark Hoad

Mark Hoad

CFO
Neil Fleming

Neil Fleming

EVP, Corporate Development
Tom Garvey

Tom Garvey

EVP
Michael Leahan

Michael Leahan

Chief Operating Officer
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TT Electronics Office Locations

TT Electronics has offices in Woking, Eastleigh, Fairford, Hartlepool and in 12 other locations
Woking, GB (HQ)
4, St Andrews House, West St
Eastleigh, GB
Woodside Rd
Fairford, GB
London Rd
Hartlepool, GB
Tofts Farm Industrial Estate West, Brenda Rd
Rogerstone, GB
Tregwilym Industrial Estate
Shenzhen, CN
Room 15K, 15th Floor, Shenzhen Free Trade Centre, 111 Taizi Road, Nanshan District
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TT Electronics Financials and Metrics

TT Electronics Revenue

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TT Electronics's revenue was reported to be £431.8 m in FY, 2020 which is a 9.7% decrease from the previous period.
GBP

Revenue (FY, 2020)

431.8m

Revenue growth (FY, 2019 - FY, 2020), %

(9.7%)

Gross profit (FY, 2020)

99.1m

Gross profit margin (FY, 2020), %

23%

Net income (FY, 2020)

1.3m

EBIT (FY, 2020)

6.6m

Market capitalization (10-Nov-2021)

434.6m

Closing stock price (10-Nov-2021)

2.5

Cash (31-Dec-2020)

70.2m

EV

518.5m
TT Electronics's current market capitalization is £434.6 m.
Annual
GBPFY, 2018FY, 2019FY, 2020

Revenue

429.5m478.2m431.8m

Revenue growth, %

19%11%(10%)

Cost of goods sold

318.8m361.4m332.7m

Gross profit

110.7m116.8m99.1m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

194.2m238.2m210.0m

Cost of goods sold

145.9m108.5m163.8m

Gross profit

48.3m129.7m46.2m

Gross profit Margin, %

25%54%22%
Annual
GBPFY, 2018FY, 2019FY, 2020

Cash

40.6m60.2m70.2m

Accounts Receivable

64.6m66.4m58.2m

Prepaid Expenses

5.1m4.8m4.3m

Inventories

96.4m102.8m98.2m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

38.9m51.7m69.7m

Inventories

87.8m100.2m107.6m

Current Assets

204.7m240.6m256.4m

PP&E

47.6m50.8m55.3m
Annual
GBPFY, 2018FY, 2019FY, 2020

Net Income

13.4m17.3m1.3m

Depreciation and Amortization

13.6m18.0m17.2m

Inventories

(16.2m)(9.5m)4.2m

Accounts Payable

9.5m10.4m(11.8m)
Half Year
GBPH1, 2018H1, 2019H1, 2020

Net Income

7.1m6.4m(4.4m)

Depreciation and Amortization

6.4m9.0m8.7m

Inventories

(9.1m)(3.2m)(200.0k)

Accounts Payable

5.0m(1.9m)(18.2m)
GBPH1, 2018

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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TT Electronics Operating Metrics

Apr, 2020

Products

4 k

Stock Keeping Units

500

Products Shipped Monthly

1.3 k

Product Categories

21
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TT Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Excelitas Technologies CorpJanuary 03, 2020$17.7 m
Power PartnersMarch 22, 2019£1.2 m
PrecisionJune 04, 2018$24 m
Stadium GroupApril 17, 2018£45.8 m
Aero StanrewDecember 21, 2015£42 m
Roxspur Measurement & ControlJuly 14, 2014£7.5 m
ACW TechnologyDecember 13, 2012
SemelabAugust 22, 2008
New Chapel ElectronicsApril 11, 2008
Apsco HoldingsNovember 01, 2006
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TT Electronics Revenue Breakdown

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TT Electronics revenue breakdown by business segment: 45.7% from Global Manufacturing Solutions, 25.3% from Sensors and Specialist Components and 29.0% from Power and Connectivity

TT Electronics revenue breakdown by geographic segment: 20.6% from Asia, 17.3% from Rest of Europe, 23.2% from United Kingdom, 38.0% from North America and 0.9% from Other

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TT Electronics Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

TT Electronics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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TT Electronics Online and Social Media Presence

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TT Electronics News and Updates

TT Electronics Secures Contract to support RBSL on Boxer Programme

TT Electronics, a global provider of engineered technologies for performance critical applications, today announced that they have been awarded a contract to support the UK MOD’s Mechanised Infantry Vehicle (MIV) programme. The joint award from Rheinmetall BAE Systems Land (RBSL) and Rheinmetall Lan…

Six degrees of Freedom can Boost Minimally Invasive Surgical Techniques

Minimally invasive surgical procedures require advanced motion tracking technology that can locate surgical instruments and tools inside the human body when there is no clear line of sight. Electromagnetic tracking (EMT) technology enables this performance: Electromagnetic coils drive the “six degre…

TT Electronics to Showcase Extensive Portfolio at Sensors Converge

TT Electronics, a global provider of engineered electronics for performance critical applications, will be exhibiting at Sensors Converge 2021, the only event to reunite the sensor and electronics industry. TT will showcase its extensive portfolio of optoelectronic sensors including discretes, optoi…

TT Electronics Launches Virtual Cabin Experience at Aircraft Interiors Expo

TT Electronics launches its Digital Cabin experience at the Aircraft Interiors Expo slated for 14-16 September 2021, showcasing excellence in next generation aircraft interiors at the virtual event.

TT Electronics closing Corpus Christi location

TT Electronics is closing its Corpus Christi location in August

TT Electronics Launches S-2CONNECT® Creo SOM for Rapid IoT Deployment

We are excited to introduce the new S-2CONNECT® Creo SOM for rapid IoT deployment. The system-on-module board is designed for engineers, programmers and developers who are charged with reducing R&D risk and fast-tracking their IoT applications development using a pre-certified system-on-module (…
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TT Electronics Blogs

5G Opportunities for OEMs

With 2G and 3G sunsets already in progress, businesses need to get ready for the next generation of Low Power Wide Area (LPWAN) Technologies. The IoT technology landscape is changing, with 4G and 5G cellular connectivity being deployed in more IoT devices than ever before. Connectivity …

HMI Solutions for Aircraft Interiors to Improve Passenger Experience

Airlines within the aircraft industry have recognised the importance of Human-Machine Interface (HMI) since the inception of the first lie-flat beds in the late 1990s: from passenger control units (PCUs), cabin signage and lighting solutions, mood lighting, seat identification, and suite…

Outsourcing Manufacturing: Solution to Offer Competitive Advantage

When entering the electronics manufacturing industry or reconsidering how to manage your manufacturing needs, understanding the variations in specific manufacturing roles and terminology will allow you to make an educated choice when selecting a manufacturing partner. The growing demand…

The New Age of Space Creates New Challenges

Traditionally, the Space industry has required high-grade devices that offer exceptional electrical performance and have the potential for achieving reasonable total irradiated dose rates and mitigating the effects of heavy ion collision, causing premature single event burnouts. These r…

Sunsetting a Product or Technology - What it Means for OEMs

Almost all products reach their natural end-of-life. One of the common reasons for this is a company or network develops a better solution or better version of the product or technology.  With 2G and 3G sunsets already in progress, businesses need to get ready for the next generation of…

Passive Component Standards for New Space Electronics

The high-reliability markets (space, aerospace, military, etc.) are changing as commercial entities are successfully venturing into space and paving the way for the future. Higher volume satellite constellations in low earth orbit are driving a requirement for increasingly cost-effectiv…
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TT Electronics Frequently Asked Questions

  • When was TT Electronics founded?

    TT Electronics was founded in 1812.

  • Who are TT Electronics key executives?

    TT Electronics's key executives are Richard Tyson, Warren Tucker and Mark Hoad.

  • How many employees does TT Electronics have?

    TT Electronics has 4,740 employees.

  • What is TT Electronics revenue?

    Latest TT Electronics annual revenue is £431.8 m.

  • What is TT Electronics revenue per employee?

    Latest TT Electronics revenue per employee is £91.1 k.

  • Who are TT Electronics competitors?

    Competitors of TT Electronics include discoverIE, QinetiQ and Vishay Precision Group.

  • Where is TT Electronics headquarters?

    TT Electronics headquarters is located at 4, St Andrews House, West St, Woking.

  • Where are TT Electronics offices?

    TT Electronics has offices in Woking, Eastleigh, Fairford, Hartlepool and in 12 other locations.

  • How many offices does TT Electronics have?

    TT Electronics has 17 offices.