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 Ratings2.6

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Latest Updates

Employees (est.) (Dec 2018)5,067(+21%)
Revenue (FY, 2019)£478.2 M(+12%)
Share Price (Nov 2020)£2.2 (+3%)
Cybersecurity ratingBMore

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, Power and Connectivity
Joe Anderson

Joe Anderson

Sales Director North America, Global Manufacturing Solutions
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TT Electronics Office Locations

TT Electronics has offices in Woking, Eastleigh, Fairford, Hartlepool and in 15 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
Oistins, BB
9 Newton Industrial Park
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TT Electronics Financials and Metrics

TT Electronics Revenue

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TT Electronics's revenue was reported to be £478.20 m in FY, 2019 which is a 11.3% increase from the previous period.
GBP

Revenue (H1, 2020)

210.0m

Gross profit (H1, 2020)

46.2m

Gross profit margin (H1, 2020), %

22%

Net income (H1, 2020)

(4.4m)

EBIT (H1, 2020)

(2.9m)

Market capitalization (13-Nov-2020)

379.8m

Closing stock price (13-Nov-2020)

2.2

Cash (30-Jun-2020)

69.7m

EV

468.8m
TT Electronics's current market capitalization is £379.8 m.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

360.0m429.5m478.2m

Revenue growth, %

8%19%11%

Cost of goods sold

267.2m318.8m361.4m

Gross profit

92.8m110.7m116.8m
Half Year
GBPH1, 2017H1, 2018H1, 2019H1, 2020

Revenue

180.0m194.2m238.2m210.0m

Cost of goods sold

133.8m145.9m108.5m163.8m

Gross profit

46.2m48.3m129.7m46.2m

Gross profit Margin, %

26%25%54%22%
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

46.5m40.6m60.2m

Accounts Receivable

48.3m64.6m66.4m

Prepaid Expenses

5.0m5.1m4.8m

Inventories

59.1m96.4m102.8m
Half Year
GBPH1, 2017H1, 2018H1, 2019H1, 2020

Cash

48.6m38.9m51.7m69.7m

Inventories

58.1m87.8m100.2m107.6m

Current Assets

307.9m204.7m240.6m256.4m

PP&E

44.0m47.6m50.8m55.3m
Annual
GBPFY, 2017FY, 2018FY, 2019

Net Income

47.7m13.4m17.3m

Depreciation and Amortization

12.8m13.6m18.0m

Inventories

(7.4m)(16.2m)(9.5m)

Accounts Payable

2.5m9.5m10.4m
Half Year
GBPH1, 2017H1, 2018H1, 2019H1, 2020

Net Income

8.3m7.1m6.4m(4.4m)

Depreciation and Amortization

6.6m6.4m9.0m8.7m

Inventories

(5.0m)(9.1m)(3.2m)(200.0k)

Accounts Payable

7.6m5.0m(1.9m)(18.2m)
GBPH1, 2017

EV/EBIT

53.8 x

EV/CFO

18.3 x

Revenue/Employee

31.4k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x

P/E Ratio

38.5
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TT Electronics Operating Metrics

Apr, 2020

Products

4 k

Stock Keeping Units

500

Products Shipped Monthly

1.30 k

Product Categories

21
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TT Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Excelitas Technologies CorpJanuary 03, 2020$17.70 m
Power PartnersMarch 22, 2019£1.20 m
PrecisionJune 04, 2018$24 m
Stadium GroupApril 17, 2018£45.80 m
Aero StanrewDecember 21, 2015£42 m
Roxspur Measurement & ControlJuly 14, 2014£7.50 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: 28.9% from Power and Connectivity, 26.5% from Sensors and Specialist Components and 44.6% from Global Manufacturing Solutions

TT Electronics revenue breakdown by geographic segment: 18.7% from Rest of Europe, 21.6% from Asia, 29.6% from North America, 29.2% from United Kingdom and 0.9% from Other

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

CSRHub logo

TT Electronics Online and Social Media Presence

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TT Electronics News and Updates

APEC 2018: TT Electronics Showcases Latest Resistors

The company also featured its electric vehicle choke components

TT Electronics Blogs

Asset Tracking: Technology Advancements to Boost Operational Efficiency

What is asset tracking? Asset tracking, also known as asset management, refers to the method of tracking physical assets, either by scanning barcode labels attached to the assets or by using tags using GPS, BLE or RFID which broadcast their location. 

Medical Device Industry: Influence of COVID-19 Today and Moving Forward

In living memory, this experience has been nothing other than unprecedented. That's the one word we've heard consistently to describe the societal shift that resulted from the COVID-19 pandemic. The pandemic provoked unique and unexpected increased demand for some medical devices. Howev…

Smarter Current Sense Products to Meet the Demands of Industry 4.0

What are Smart Current Sense Resistors? The definition of smart in the context of a current sense resistor would be an integrated component solution to transmit a continuous stream of data via a preferred protocol (i.e. CAN, I2C, SPI) providing the status of Vf (V), current (…

Smallsat Technology for Low-Earth-Orbit Applications

Satellites are launched into orbit to be used for many purposes-- they help scientists study Earth and space, track weather, improve navigation and relay communications like TV signals and phone calls.  Since the launch of the first satellite in 1957, technology has rapidly evolved, and…

Mobile IoT: Choosing Between the New Mobile Connectivity Technologies

Mobile IoT is an excellent choice for global IoT needs. It is a term that refers to the 3GPP (3rd Generation Partnership Project) standardised LPWA (Low Power Wide Area) technologies using licensed spectrum bands such as NB-IoT and LTE-M. LPWA technologies are networks designed for IoT a…

Current Sense Resistors: Using Resistors to Improve System Efficiency

What are Current Sense Resistors? Current sense resistors, or shunt resistors, are devices used to gauge the flow of current. They detect and convert current to a measured output voltage. Current sense resistors are generally low-value, high-power resistors. They are designed…
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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 5,067 employees.

  • What is TT Electronics revenue?

    Latest TT Electronics annual revenue is £478.2 m.

  • What is TT Electronics revenue per employee?

    Latest TT Electronics revenue per employee is £94.4 k.

  • Who are TT Electronics competitors?

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

  • 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 15 other locations.

  • How many offices does TT Electronics have?

    TT Electronics has 19 offices.