Shares in components manufacturer TT Electronics PLC (LSE:TTG) fell over 5% on Wednesday morning as the company warned that full-year profits would be at the low end of expectations.
Though reassuring of strong organic revenue growth in the year so far to October, TT said a machinery breakdown at one of its sensors and specialist components facilities hit third-quarter profits by £3 million.
“As a result of the machinery breakdown [...] we now expect to report group adjusted profit before tax towards the lower end of current market expectations,” the company added in a statement.
Shares fell by 5.45% to 152.80p.