Record Revenue and Growth
TTI reported record revenue for the first half of 2025, with an increase of 7.1% to USD 7.83 billion, and in local currencies 7.5%. Net profit grew by 14.2% to USD 628 million, and earnings per share rose by 14.1% to USD 0.34 per share.
Strong Performance from Core Brands
MILWAUKEE delivered an 11.9% sales growth globally, while RYOBI achieved an 8.7% growth in local currencies. The MILWAUKEE brand continues to dominate the professional market, and RYOBI remains a leader in the consumer sector.
Improved Margins
Gross profit increased by 8% to USD 3.16 billion, with margins improved by 34 basis points to 40.3%. EBIT rose by 13.3% to USD 709 million, with the margin increasing by 49 basis points to 9.1%.
Positive Free Cash Flow
TTI generated USD 468 million in positive free cash flow for the first half of 2025, with a net cash position compared to a 9.2% gearing in the same period last year.
R&D and Innovation Focus
Increased R&D spending to 4.6% of sales, with emphasis on AI and machine learning to drive product innovation and efficiency.