SURREY, UK - The weakening dollar has had a significant impact on TT Electronics’ profitability, the company says.
 
The EMS firm said its U.S. electronics component operations have suffered from reduced domestic demand because of overall market softness, while its EMS business has had a stronger second half and the outlook is good for next year.
 
TT Electronics says its sensor and systems business is seeing consistent demand from German automotive customers, although pricing pressure is impacting revenue. The manufacturer also expects revenue from climate control systems to decline substantially in 2008 as certain programs come to end-of-life.
 
The company expects similar results in 2008 as in 2007.

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