Author: chantecantero5

Techtronic Industries Delivers Exceptional 2021 Results with Outstanding Revenue and Profit Growth

Hong Kong-based global power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) is pleased to report that 2021 was an extraordinary year for TTI with outstanding revenue and profit growth. The Group delivered sales of US$13.2 billion, an increase of 34.6%. Over the two-year period, TTI significantly outperformed the market with +72.2% sales growth. Increased strategic investments in new product, manufacturing capacity, geographic expansion, logistics, and in-field marketing initiatives propelled TTI’s industry leading performance.— Full year organic sales growth of US$3.4 billion, +34.6% — Gross margin improved for ... Read more