Techtronic Industries Co Ltd
HKEX:669

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Techtronic Industries Co Ltd Logo
Techtronic Industries Co Ltd
HKEX:669
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Price: 97.9 HKD -0.76% Market Closed
Market Cap: 179.4B HKD

Techtronic Industries Co Ltd
Investor Relations

In the bustling global marketplace of power tools and equipment, Techtronic Industries Co. Ltd. stands out as a true innovator and market leader. Founded in 1985 in Hong Kong, Techtronic has steadily built a formidable reputation for crafting high-quality and technologically advanced tools that cater to both professionals and DIY enthusiasts. With brands such as Milwaukee, Ryobi, and Hoover under its umbrella, the company has strategically positioned itself across a wide spectrum of the market, offering products that range from top-tier professional-grade tools to highly accessible consumer-grade solutions. Its dynamic approach to design, coupled with a keen sense of market demands, ensures that Techtronic continuously rolls out products that resonate with user needs, whether it’s through enhancing power efficiency or integrating smart technology features.

The heart of Techtronic's business model lies in its commitment to innovation and customer-centric development. By relentlessly investing in research and development, the company not only expands its extensive product line but also drives the evolution of tool technologies. Sales are driven through a meticulously crafted network that includes major retailers, e-commerce platforms, and dedicated service centers, ensuring that their products have a ubiquitous presence in key markets worldwide. Furthermore, Techtronic's keen eye on operational efficiency, from manufacturing to distribution, allows it to maintain competitive pricing while safeguarding profit margins. This vertically integrated approach, combined with a robust brand presence and continuous innovation, propels Techtronic Industries toward sustained financial growth and a commanding position within the global power tools arena.

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669
Hang Seng (Hong Kong)

Earnings Calls

2023 Q2
Aug 9, 2023
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TTI Optimistic Despite Sales Dip
2023 Q2
Aug 9, 2023

Techtronic Industries (TTI) reported a slight 2% dip in first-half 2023 sales; however, they achieved significant inventory reductions, cutting back by $651 million compared to last year. This robust management action enabled an impressive free cash flow increase by $649 million. Despite the soft DIY market affecting the consumer business, superior RYOBI One+ sales and the innovative USB Lithium line demonstrated the potential for growth in the DIY segment. Looking ahead, TTI anticipates mid single-digit revenue growth and a slight uptick in EBIT for the second half of 2023, aiming to generate an impressive $900 million in free cash flow for the year.

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Management

Mr. Horst Julius Pudwill M.Sc.
Founder & Group Executive Chairman
No Bio Available
Mr. Stephan Horst Pudwill
Group Executive Vice Chairman
No Bio Available
Mr. Chi Chung Chan ACA, CPA (Pract.), FCCA, FCPA
Group CFO & Group Executive Director
No Bio Available
Mr. Kin Wah Chan APVC, FCCA, FCPA
Operations Director & Group Executive Director
No Bio Available
Mr. Camille Jojo
Head of Group Legal, Compliance & Corporate Governance and Group Executive Director
No Bio Available
Mr. Steven Philip Richman
CEO & Executive Director
No Bio Available
Mr. Alexandre Duarte
President of Europe, Middle East & African Operations
No Bio Available
Mr. Scott Hetherington
Senior Vice President of Tax & Treasury
No Bio Available
Sean Dougherty
Deputy Group Chief Financial Officer
No Bio Available
Mr. Ross Paul Gilardi
Senior Vice President of Finance - Investor Relations
No Bio Available

Contacts

Address
29/F, Tower 2, Kowloon Commerce Centre, 51 Kwai Cheong Road, Kwai Chung, New Territories
Contacts
+85224026888.0
www.ttigroup.com