TT Electronics reveals drop in sales due to troubles in key market
TT Electronics has revealed a drop in sales due to ongoing woes in one of its key markets as it presses ahead with an overhaul of its board in the wake of a collapsed £287 million takeover.
By Greg Wright
Published 15th May 2026, 13:14 GMT
The manufacturer said group sales fell 4.8% in the four months to the end of April, driven by trading troubles in the electronics manufacturing services market, which it said was suffering from customer caution due to uncertainty in the global economy.
It comes as the group’s new chairman, Phil Swash, is set to take the helm of the board at the firm’s annual general meeting for shareholders as part of a boardroom overhaul.
London-listed TT Electronics saw a proposed £287 million takeover by Swiss electronics group Cicor Technologies fall apart earlier this year after shareholders voted against the deal.
TT chairman Warren Tucker confirmed plans to step down after serving two three-year terms in the role.