Our assets
Engineering and manufacturing capability
- Deep domain knowledge, years of experience across our global footprint.
- Design and manufacturing skills that make end products smaller, lighter and more energy-efficient.
- Specialists in low-volume, high-mix products, offering customisation and flexibility to customers.
Research and development
- R&D capability with IP and specialist product development skills.
- Agile development model brings products quickly to market.
- Know-how and experience in complex regulatory approvals.
Access to our customers
- Customer credibility and long-term, value-creating partnerships.
- Business development organisation that fosters inter-Group collaboration and cross-selling.
People and culture
- Talented designers, engineers and manufacturing experts passionate about what they do.
- Caring, supportive and service-driven teams.
- Always guided by our TT Way values.
What makes us different
Four key themes differentiate us from competitors, and we are focused on extending this differentiation:
Cleaner, smarter, healthier
Our target markets offer strong long-term structural growth supported by global megatrends pushing for the development of cleaner, smarter and healthier products and applications as we move towards a more sustainable world.
Culture of expertise
Passionate teams finding solutions to the world’s toughest technology challenges. We champion knowledge, skills, innovation, problem-solving and service, and attract and promote talented people and develop expertise at all levels.
Design-led technology
We design and manufacture bespoke technology solutions for specific applications. We work from initial concept to production at scale, and from single component to complete device manufacture. We seek singles ource and designed-in development opportunities that enable us to move up the value chain and create long-term revenue streams.
True partners
We engage deeply with our customers to become true partners. Customer intimacy enables us to leverage our capabilities to respond to their unique requirements and become a critical contributor to their teams and products.
Our strategy
Our strategy leverages our assets and differentiators to generate optimum returns for all our stakeholders while maintaining strong capital discipline, a focus on cash generation, and careful use of the balance sheet to facilitate investment.
The value we create
Customers and suppliers
- Critical products and services; solving tough technology challenges.
- £33.2 million R&D and capex investment in 2023.
- Fair treatment of suppliers.
Our People
- Employee safety and wellbeing a priority.
- Investment to build skills, experience and create development opportunities.
- Equality, diversity and inclusion considered a positive business driver.
Environment and our communities
- Cleaner, smarter and healthier products.
- 62% reduction in Scope 1 & 2 emissions in four years.
- Committed to social responsibility, ethical business practices and community support.
Shareholders
- 19.2p adjusted earnings per share.
- Increased ROIC by 150 bps to 12.0%.
- 6.8p dividend per share.