Financial Highlights
  • Record sales and profit performance
  • Innovative new products driving organic growth
  • Continued gross margin improvement
2014
US$m		2013
US$m		Changes
%
Turnover2,2502,042+10.2
Gross profit margin35.0%34.0%+100 bpt
EBIT162142+13.6
Profit attributable to Owners of the Company136118+15.9
EPS (US cents)7.456.43+15.9
Interim dividend per share (approx. US cents)1.611.29+25.0
TurnoverUS$m
Gross Profit Margin%
Basic Earnings per ShareUS cents
Interim Dividend per ShareUS cents
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Management’s Discussion and Analysis

TTI delivered record sales, gross margin and profit for the first half of 2014. New products, geographic expansion and a relentless focus on operational efficiency propelled our continued outstanding performance. We generated exceptional organic growth in our professional and DIY power tool businesses. Geographically, both our North American and European businesses delivered strong results. In addition, our rest-of-world businesses continued to flourish delivering double-digit growth.

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Management’s Discussion and Analysis

Corporate Information
Board of Directors
Group Executive Directors

Mr Horst Julius Pudwill
Chairman

Mr Joseph Galli Jr
Chief Executive Officer

Mr Patrick Kin Wah Chan
Mr Frank Chi Chung Chan
Mr Stephan Horst Pudwill

Non-executive Director

Prof Roy Chi Ping Chung BBS JP

Independent Non-executive Directors

Mr Joel Arthur Schleicher
Mr Christopher Patrick Langley OBE
Mr Manfred Kuhlmann
Mr Peter David Sullivan
Mr Vincent Ting Kau Cheung

Financial Calendar 2014
June 27 : Final dividend payment for 2013
June 30 : Six months interim period end
August 20 : Announcement of 2014 interim results
September 10 : Last day to register for 2014 interim dividend
September 11 to 12 : Book closure period for 2014 interim dividend
September 26 : Interim dividend payment for 2014
December 31 : Financial year end

Investor Relations Contact

Investor Relations and Communications
Techtronic Industries Co. Ltd.
24/F., CDW Building
388 Castle Peak Road
Tsuen Wan, N.T.
Hong Kong
email: ir@tti.com.hk

Website

www.ttigroup.com
Earnings results, annual/interim reports are available online.

Listing Information
The Stock Exchange of Hong Kong Limited
Ordinary Shares (stock code: 669)

ADR Level 1 Programme (symbol: TTNDY)

Share Registrar and Transfer Office

Tricor Secretaries Limited
Level 22, Hopewell Centre
183 Queen’s Road East
Hong Kong
Tel: (852) 2980 1888

ADR Depositary

The Bank of New York

Principal Bankers

Bank of America, N.A.

Bank of China

The Hongkong and Shanghai Banking Corporation Limited

Standard Chartered Bank

Citibank, N.A.

The Bank of Tokyo–Mitsubishi UFJ, Ltd.

Solicitors

Vincent T. K. Cheung, Yap & Co.

Auditor

Deloitte Touche Tohmatsu

Company Secretary

Ms Veronica Ka Po Ng

Trademarks

“MILWAUKEE, DIAMOND PLUS, EMPIRE, FUEL, HACKZALL, M12, M12 FUEL, M18, M18 FUEL, SHOCKWAVE, 18V ONE+ SYSTEM, ONE+, HOOVER, AIR, ORECK” are trademarks of the TTI Group.

“AEG” is a registered trademark of AB Electrolux (publ) and is used by the TTI Group pursuant to a license granted by AB Electrolux (publ).

“RYOBI” is a registered trademark of Ryobi Limited and is used by the TTI Group pursuant to a license granted by Ryobi Limited.

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