Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

TTI Reports First Half 2007 Results
Aug 23, 2007
 Printable format
 Email this Article
 Search

Techtronic Industries Co. Ltd. reported profit attributable to equity holders of the parent amounted to HK$509.3 million, an increase of 1.1% against HK$503.6 million reported last year. Gross profit margin increased to 31.8% from 31.3% in the last corresponding period, primarily because of favorable currency gains and cost containing efforts.

The Power Equipment business, comprised of brands Milwaukee, AEG, Ryobi, and Homelite, favorably reported improved EBIT margins to 8.3% in the first half compared to 7.7% in the prior year period despite an environment of increasing commodity costs. The combined turnover in core power tool markets of North America and Europe was up over last year, with both Consumer and Professional Power Tools delivering growth.

The Floor Care business, including the Hoover contribution, reported an 85.7% increase in turnover, accounting for 30.8% of total TTI turnover. Profit rose by 36.3%. The company said that the Hoover integration is on track. 

In North America the floor care business grew during the first half as Dirt Devil hand-held Koneand upright Reaction vacuums continued to perform well at major retailers. New products, such as the designer series Kruz and Kurv stick and hand held vacuums,will be launched in the third quarter. Hoover will launch a new WindTunnel upright vacuum, and the first of a series of Sears Kenmore upright vacuums will be introduced, which is a private label program that was awarded to the company in 2006.

Back to Daily News

 

Daily News

...........................................................

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows