TECHTRONIC INDUSTRIES DELIVERS STRONG 2024 FIRST HALF RESULTS

August 6, 2024

GROSS MARGIN EXPANDED TO 39.9%, NET PROFIT INCREASED TO US$550 MILLION

HONG KONG, Aug. 6, 2024 /PRNewswire/ — Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2024. TTI grew sales in the first half of 2024 to US$7.3 billion, up 6.3% in reported currency and 6.6% in local currency. MILWAUKEE delivered double-digit sales growth in local currency and RYOBI outperformed the market.

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