TI Fluid Systems value leaks despite maintaining guidance

The price of shares in FTSE 250 automotive components manufacturer TI Fluid Systems (LON:TIFS) dropped by 2.53% to 231.50p (as of 9:30 GMT) after the company posted a closing statement for the year ended 31st December. Management said that results for the period were in line with expectations with EBIT margins roughly the same as last year.

The company said that it expects to outperform the light vehicle segment in the current year while maintaining good margins.