TI Fluid Systems plc provided production and earnings guidance for the full year 2022. The company anticipated that full year production volumes will be at, or slightly above 2021 levels, as microchip availability gradually improves, and that inflationary cost increases will continue, albeit at a slower pace. The company continues to make good progress with customer negotiations for cost recoveries. As such, the company expected the Group's margins to recover during second half of 2022.

Based on first half of 2022 results and current view of second half of 2022, the company is maintaining previously issued full year 2022 outlook guidance. The company expected to achieve revenue outperformance vs GLVP, margins slightly below 2021 levels and historical levels of cash flow conversion.