TTI Delivers Exceptional Sales and Profit Growth
Retrieved on:
Wednesday, March 6, 2019
Every geographic region generated exceptional growth powered by a stream of exciting new cordless products.
Key Points:
- Every geographic region generated exceptional growth powered by a stream of exciting new cordless products.
- TTI's flagship Power Equipment business, representing 85.6% of total sales, grew 17.0% to US$6.0 billion with operating profit up 16.9% to US$598million.
- The Milwaukee Tool business maintained its outstanding growth rate delivering a revenue increase of 28.2%, while the RYOBI business generated double-digit growth.
- Mr. Horst Pudwill, Chairman of TTI, said, "We are very pleased to have achieved yet another year of outstanding business growth.