{"id":29509,"date":"2025-08-05T20:01:56","date_gmt":"2025-08-05T20:01:56","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/techtronic-industries-delivers-strong-first-half-performance\/"},"modified":"2025-08-05T20:01:56","modified_gmt":"2025-08-05T20:01:56","slug":"techtronic-industries-delivers-strong-first-half-performance","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=29509","title":{"rendered":"TECHTRONIC INDUSTRIES DELIVERS STRONG FIRST HALF PERFORMANCE"},"content":{"rendered":"<p class=\"prntac\"><b>GROWING SALES\u00a0<\/b><b>TO <span class=\"xn-money\">US$7.8 BILLION<\/span><\/b><b>, NET PROFIT INCREASED TO US$<\/b><b>628<\/b><b>\u00a0MILLION<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 5, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Global cordless power tool, outdoor power equipment and floorcare &amp; cleaning company Techtronic Industries Co. Ltd. (&#8220;TTI&#8221; or the &#8220;Group&#8221;) (stock code: HK: 0669, ADR symbol: TTNDY) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>. TTI grew sales in the first half of 2025 to <span class=\"xn-money\">US$7.8 billion<\/span>, up 7.1% in reported currency and 7.5% in local currency. Its two leading brands, <span class=\"xn-location\">MILWAUKEE<\/span> and RYOBI, both delivered exceptional performance during this period.<\/p>\n<ul type=\"disc\">\n<li>TTI delivered a strong first half performance, growing sales 7.5% in local currency to <span class=\"xn-money\">US$7.8 billion<\/span> and net profit 14.2% to <span class=\"xn-money\">US$628 million<\/span>.<\/li>\n<li>Our Flagship <span class=\"xn-location\">MILWAUKEE<\/span> business extended its dominant leadership position as the #1 professional power tool brand worldwide by delivering 11.9% sales growth in local currency.<\/li>\n<li>RYOBI, the #1 global consumer battery-powered tool and outdoor brand, grew sales 8.7% in local currency.<\/li>\n<li>TTI reported <span class=\"xn-money\">US$468 million<\/span> in free cash flow during the first half of 2025, ending the period in a net cash position.<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Financial Performance Highlights<\/b>\u00a0<b>for 2025 First Half<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20<\/b><b>25<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>US<\/b><b>$&#8217;<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>million<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$&#8217;<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">million<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Changes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Revenue <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,833<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">7,312<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+7.1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Gross profit margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>40.3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">39.9\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+34 bps<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>EBIT<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>709<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">626<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+13.3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Profit attributable to Owners of the Company<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>628<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">550<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+14.2\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Basic earnings per share (US cents) <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>34.37<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">30.12<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+14.1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Interim d<\/b><b>ividend per share (approx. US cents)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>16.09<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">13.90<\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+15.7\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Gross margin improved 34 basis points to 40.3% in the first half of 2025. This increase reflects operational efficiencies made in its consumer brands where TTI focused on profitability, the positive mix impact from the growth of its high margin <span class=\"xn-location\">MILWAUKEE<\/span> business and productivity improvements captured throughout its manufacturing and sourcing network. EBIT for the first half of 2025 was <span class=\"xn-money\">US$709 million<\/span>, representing a 13.3% increase compared to the same period in 2024. EBIT margin also increased 49 basis points from the first half of 2024 to 9.1% as a percentage of sales. Net Profit increased 14.2% to <span class=\"xn-money\">US$628 million<\/span> and earnings per share also improved 14.1% to US34.37 cents. Working capital improved 190 bps versus <span class=\"xn-chron\">June 2024<\/span> to 16.8% as a percent of sales. The Group generated <span class=\"xn-money\">US$468 million<\/span> in positive Free Cash Flow in the first half of 2025, ending the period in a net cash position.<\/p>\n<p>The TTI Power Equipment segment grew sales 8.3% in local currency to <span class=\"xn-money\">US$7.4 billion<\/span>. <span class=\"xn-location\">MILWAUKEE<\/span> achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. RYOBI delivered a tremendous first half performance, growing 8.7% in local currency. The Floorcare and Cleaning business increased operating profit 3.6% to <span class=\"xn-money\">US$9.7 million<\/span> as compared to the first half of 2024, while revenue decreased 4.8% in local currency to <span class=\"xn-money\">US$408 million<\/span>.<\/p>\n<p>The Directors have resolved to declare an interim dividend of HK125.00 cents (approximately US16.09\u00a0cents) (2024: HK108.00 cents (approximately US13.90 cents)) per share for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>. The interim dividend will be paid to shareholders listed on the register of members of the Company on <span class=\"xn-chron\">September 5, 2025<\/span>. It is expected that the interim dividend will be paid on or about <span class=\"xn-chron\">September 19, 2025<\/span>.<\/p>\n<p><b>Mr. <span class=\"xn-person\">Horst Pudwill<\/span>, Chairman of TTI<\/b>, said, &#8220;From topline sales growth, solid free cash flow, and improved EBIT and Net Profit margins, we are very\u00a0pleased with our results in the first half of 2025. We are confident we will successfully navigate the current macro-economic environment, positioning us in an even stronger leadership position in the months and years ahead.&#8221;<\/p>\n<p><b>Mr. <span class=\"xn-person\">Steven P. Richman<\/span>, CEO of TTI,<\/b> commented, &#8220;Our strong first half results reflect the dedication and culture of our global team. We continue to build on this foundation by recruiting, retaining, and investing in talent worldwide and are extremely proud of the depth of the talent and bench strength we have developed across all levels at TTI.&#8221;<\/p>\n<p><b><u>Forward-Looking Statements<\/u><\/b><\/p>\n<p>This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI&#8217;s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.<\/p>\n<p><b><u>About TTI <\/u><\/b><\/p>\n<p>Techtronic Industries Company Limited (&#8220;TTI&#8221; or the &#8220;Company&#8221;), founded in 1985 by German entrepreneur <span class=\"xn-person\">Horst Julius Pudwill<\/span>, is a\u202fworld leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 47,000 employees globally, the company&#8217;s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.<\/p>\n<p><b><span class=\"xn-location\">MILWAUKEE<\/span><\/b>\u00a0is at the forefront of TTI&#8217;s professional tool portfolio. With global research and development headquartered in <span class=\"xn-location\">Brookfield, Wisconsin<\/span>, the historic <b><span class=\"xn-location\">MILWAUKEE<\/span><\/b> brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The <b>RYOBI<\/b> brand, headquartered in <span class=\"xn-location\">Greenville, South Carolina<\/span>, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI&#8217;s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names <b>HOOVER<\/b>, <b>ORECK<\/b>, <b>VAX<\/b>, and <b>DIRT DEVIL<\/b> (based in <span class=\"xn-location\">Charlotte, North Carolina<\/span>).<\/p>\n<p>TTI&#8217;s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company&#8217;s global reach and stability. The Pudwill family remains the company&#8217;s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit <a href=\"http:\/\/www.ttigroup.com\/\" target=\"_blank\" rel=\"nofollow\">www.ttigroup.com<\/a>.<\/p>\n<p><i>All trademarks listed other than AEG and RYOBI are owned by the<\/i><i>\u00a0Group<\/i><i>. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p class=\"prntac\"><b>GROWING SALES\u00a0<\/b><b>TO <span class=\"xn-money\">US$7.8 BILLION<\/span><\/b><b>, NET PROFIT INCREASED TO US$<\/b><b>628<\/b><b>\u00a0MILLION<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Aug. 5, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Global cordless power tool, outdoor power equipment and floorcare &amp; cleaning company Techtronic Industries Co. Ltd. (&#8220;TTI&#8221; or the &#8220;Group&#8221;) (stock code: HK: 0669, ADR symbol: TTNDY) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>. TTI grew sales in the first half of 2025 to <span class=\"xn-money\">US$7.8 billion<\/span>, up 7.1% in reported currency and 7.5% in local currency. Its two leading brands, <span class=\"xn-location\">MILWAUKEE<\/span> and RYOBI, both delivered exceptional performance during this period.<\/p>\n<ul type=\"disc\">\n<li>TTI delivered a strong first half performance, growing sales 7.5% in local currency to <span class=\"xn-money\">US$7.8 billion<\/span> and net profit 14.2% to <span class=\"xn-money\">US$628 million<\/span>.<\/li>\n<li>Our Flagship <span class=\"xn-location\">MILWAUKEE<\/span> business extended its dominant leadership position as the #1 professional power tool brand worldwide by delivering 11.9% sales growth in local currency.<\/li>\n<li>RYOBI, the #1 global consumer battery-powered tool and outdoor brand, grew sales 8.7% in local currency.<\/li>\n<li>TTI reported <span class=\"xn-money\">US$468 million<\/span> in free cash flow during the first half of 2025, ending the period in a net cash position.<\/li>\n<\/ul>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Financial Performance Highlights<\/b>\u00a0<b>for 2025 First Half<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap><\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>20<\/b><b>25<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>US<\/b><b>$&#8217;<\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>million<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">2024<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">US$&#8217;<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">million<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Changes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Revenue <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>7,833<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">7,312<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+7.1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Gross profit margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>40.3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">39.9\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+34 bps<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>EBIT<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>709<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">626<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+13.3\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Profit attributable to Owners of the Company<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>628<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">550<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+14.2\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Basic earnings per share (US cents) <\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>34.37<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">30.12<\/span><\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+14.1\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>Interim d<\/b><b>ividend per share (approx. US cents)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>16.09<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\">13.90<\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap>\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>+15.7\u00a0%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Gross margin improved 34 basis points to 40.3% in the first half of 2025. This increase reflects operational efficiencies made in its consumer brands where TTI focused on profitability, the positive mix impact from the growth of its high margin <span class=\"xn-location\">MILWAUKEE<\/span> business and productivity improvements captured throughout its manufacturing and sourcing network. EBIT for the first half of 2025 was <span class=\"xn-money\">US$709 million<\/span>, representing a 13.3% increase compared to the same period in 2024. EBIT margin also increased 49 basis points from the first half of 2024 to 9.1% as a percentage of sales. Net Profit increased 14.2% to <span class=\"xn-money\">US$628 million<\/span> and earnings per share also improved 14.1% to US34.37 cents. Working capital improved 190 bps versus <span class=\"xn-chron\">June 2024<\/span> to 16.8% as a percent of sales. The Group generated <span class=\"xn-money\">US$468 million<\/span> in positive Free Cash Flow in the first half of 2025, ending the period in a net cash position.<\/p>\n<p>The TTI Power Equipment segment grew sales 8.3% in local currency to <span class=\"xn-money\">US$7.4 billion<\/span>. <span class=\"xn-location\">MILWAUKEE<\/span> achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. RYOBI delivered a tremendous first half performance, growing 8.7% in local currency. The Floorcare and Cleaning business increased operating profit 3.6% to <span class=\"xn-money\">US$9.7 million<\/span> as compared to the first half of 2024, while revenue decreased 4.8% in local currency to <span class=\"xn-money\">US$408 million<\/span>.<\/p>\n<p>The Directors have resolved to declare an interim dividend of HK125.00 cents (approximately US16.09\u00a0cents) (2024: HK108.00 cents (approximately US13.90 cents)) per share for the six-month period ended <span class=\"xn-chron\">June 30, 2025<\/span>. The interim dividend will be paid to shareholders listed on the register of members of the Company on <span class=\"xn-chron\">September 5, 2025<\/span>. It is expected that the interim dividend will be paid on or about <span class=\"xn-chron\">September 19, 2025<\/span>.<\/p>\n<p><b>Mr. <span class=\"xn-person\">Horst Pudwill<\/span>, Chairman of TTI<\/b>, said, &#8220;From topline sales growth, solid free cash flow, and improved EBIT and Net Profit margins, we are very\u00a0pleased with our results in the first half of 2025. We are confident we will successfully navigate the current macro-economic environment, positioning us in an even stronger leadership position in the months and years ahead.&#8221;<\/p>\n<p><b>Mr. <span class=\"xn-person\">Steven P. Richman<\/span>, CEO of TTI,<\/b> commented, &#8220;Our strong first half results reflect the dedication and culture of our global team. We continue to build on this foundation by recruiting, retaining, and investing in talent worldwide and are extremely proud of the depth of the talent and bench strength we have developed across all levels at TTI.&#8221;<\/p>\n<p><b><u>Forward-Looking Statements<\/u><\/b><\/p>\n<p>This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI&#8217;s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.<\/p>\n<p><b><u>About TTI <\/u><\/b><\/p>\n<p>Techtronic Industries Company Limited (&#8220;TTI&#8221; or the &#8220;Company&#8221;), founded in 1985 by German entrepreneur <span class=\"xn-person\">Horst Julius Pudwill<\/span>, is a\u202fworld leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 47,000 employees globally, the company&#8217;s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.<\/p>\n<p><b><span class=\"xn-location\">MILWAUKEE<\/span><\/b>\u00a0is at the forefront of TTI&#8217;s professional tool portfolio. With global research and development headquartered in <span class=\"xn-location\">Brookfield, Wisconsin<\/span>, the historic <b><span class=\"xn-location\">MILWAUKEE<\/span><\/b> brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The <b>RYOBI<\/b> brand, headquartered in <span class=\"xn-location\">Greenville, South Carolina<\/span>, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI&#8217;s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names <b>HOOVER<\/b>, <b>ORECK<\/b>, <b>VAX<\/b>, and <b>DIRT DEVIL<\/b> (based in <span class=\"xn-location\">Charlotte, North Carolina<\/span>).<\/p>\n<p>TTI&#8217;s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company&#8217;s global reach and stability. The Pudwill family remains the company&#8217;s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit <a href=\"http:\/\/www.ttigroup.com\/\" target=\"_blank\" rel=\"nofollow\">www.ttigroup.com<\/a>.<\/p>\n<p><i>All trademarks listed other than AEG and RYOBI are owned by the<\/i><i>\u00a0Group<\/i><i>. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.<\/i><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-29509","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/29509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29509"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/29509\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}