Investor highlights Investing in TT Shareholder information Shareholder tools Governance Home Investors Investing in TT KPIs Key Performance Indicators Contact our Investor Relations Team Contact Us Our Strategy Our Business Risk Management Financial Organic revenue was 12% lower reflecting the impact of the COVID-19 outbreak. There were lower volumes from commercial aerospace, automation and electrification and healthcare markets, although defence remained strong. Target: 3-5% organic revenue growth annually over the medium term. The adjusted operating margin was lower at 6.4% reflecting the impact of reduced sales volumes related to COVID-19 and associated operating constraints and inefficiencies. These were partially offset by cost control and efficiency measures. Target: Double-digit margin by 2023. Adjusted EPS was 11.7 pence, primarily reflecting the lower adjusted operating profit in the period. Target: Double digit adjusted EPS growth annually at constant currency over the medium term. Cash conversion increased to 130% as a result of the Group’s proactive cash management with capital and development expenditure lower and a working capital inflow, including an inflow from inventory reduction. Target: 90%+ cash conversion annually over the medium term. Return on Invested Capital declined to 7.7% due to the volume driven profit reduction. Target: Exceed the cost of holding assets with year-on-year increases. Non-Financial There was one more incident in 2020 compared to 2019 with the total in the year at five. This in part reflected COVID-related disruption to established processes and working practices through the year. Target: Year-on-year reduction in incidents, ultimately leading to ‘zero harm’. Our net employee engagement score has increased since 2018 to 5.21, with the company now being judged a "2 star" great place to work. This is an increase on the "1 star" received in the last survey. Target: Survey-on-survey increase in the Group's engagement score over the medium term A decrease of 20% in emissions (carbon dioxide equivalent - tonnes) in the year. This improvement is due to our energy efficiency actions and increased use of green electricity as well as lower production volumes in the year. Target: Annual reductions, leading to the Group being carbon neutral (scope 1 & 2) by 2035. We have continued to invest in line with our target of 5% of product sales. Our R&D investment represented 4.8% of the aggregate revenue of our product businesses. We continue to bring a pipeline of exciting new products to market. Target: maintain R&D investment at around 5% of revenue annually over the medium term. Go to Investor Center Company About Us Sustainability Careers Contact Us Corporate Responsibility Equality, Diversity and Inclusion Group Tax Strategy Modern Slavery Act Markets Aerospace & Defence Healthcare Automation and Electrification Products & Solutions Sensors Connectivity Passive Components Manufacturing Brands Pricing Portal Login Distributor Inventory Search View Full Component Portfolio Stay Connected By submitting this form you are giving us permission to email you about updates, news, events, and offers. For more information, check out our Terms & Conditions and Privacy Policy. Legal Privacy and Cookie Policy Terms & Conditions © TT Electronics 2020. All rights reserved. By continuing to browse the site, you are agreeing to our use of cookies. Review our cookie policy for more details. Ok