TT Electronics H2 Earnings Call Highlights

Net debt fell by “almost GBP 30 million ” to GBP 50.3 million , reducing leverage to 1.1x from 1.8x a year earlier. Webb also noted the company extended its revolving credit facility to June 2028 and reduced its size to GBP 105 million from GBP 162 million . The facility was drawn by GBP 10 million at the time of the call and is expected to become completely undrawn in the coming months.Cash performance was a key highlight. Free cash flow increased to GBP 29.9 million , up 7.9% , while cash conversion impro ...