Jin Rong Jie·2025-08-11 04:06Core Viewpoint - The company, Techtronic Industries (00669), has reported strong financial performance for the first half of the year, with significant revenue and profit growth driven by its flagship brands and strategic business decisions [1] Financial Performance - The company achieved a revenue of $7.833 billion, representing a year-on-year growth of 7.1% [1] - The net profit attributable to shareholders was $628 million, reflecting a year-on-year increase of 14.2% [1] - The net profit margin improved to 8.0%, an increase of 0.5 percentage points compared to the previous year [1] Business Strategy - The growth in performance is attributed to the strong sales of flagship brands Milwaukee and RYOBI, which have reinforced the company's leading market position [1] - The company has strategically reduced investment in non-core businesses, which has enhanced overall production and procurement efficiency [1] Market Outlook - Citigroup has reported that the company's half-year performance is a historical high, with revenue growth of 7.1% and profit growth of 14.2%, slightly below their forecast of 17% [1] - The company expresses confidence in achieving mid to high single-digit revenue growth for the year and aims to expand EBIT margin from 8.7% last year to a mid-term target of 10% [1] - Citigroup anticipates that from 2026 onwards, the company will accelerate revenue growth to high single digits due to faster market share gains and normalization of industry growth [1]