StockMarketWire.com - TT Electronics said it expects its FY performance to be at the lower end of expectations and -- taking into account its underlying performance for 2014 -- that it will be materially lower in 2015.

Trading over the period July 1 to date has been stable, despite some weakening in order intake in some of the company's European facing businesses.

"Underlying revenue growth for the ten months to October 2014 was 3.0% ahead of the prior period after excluding the effect of foreign exchange movement and the newly acquired Roxspur Measurement and Control business, the integration of which is proceeding to plan," the company said in a statement.

The Group's financial performance continues to be affected by disruption arising from the delays in the Operational Improvement Plan, together with product mix, which has adversely affected margins in its Sensors business and some delays in shipments to two key customers in our IMS division.





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