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TIFS aims to achieve double digit adjusted EBIT margin and €3.8-4.2 billion revenue by 2026

Fri 12 Apr 24, 02:49 PM |

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TI Fluid Systems PLC (LSE: TIFS) is an automotive components firm based in the UK. Listed on the FTSE 250 index, the company specializes in producing engineered systems for fluid storage, transport, and delivery, operating across two divisions: Fluid Carrying Systems (FCS) and Fuel Tank and Delivery Systems (FTDS).

Financial insights of FY23

Driven by capitalisation on industry volume growth, new program launches and execution of commercial strategy, the company's top-line revenue demonstrated year on year (YoY) increment of 7.6%. Similarly, its adjusted earnings per share witnessed a favourable turnaround from negative 54.4 eurocents per share in FY22 to a positive 16.20 eurocents per share for FY23.

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