{"id":68,"date":"2011-03-27T06:10:29","date_gmt":"2011-03-27T06:10:29","guid":{"rendered":"http:\/\/tti.sedgwick-richardson.net\/?page_id=68"},"modified":"2018-11-29T15:19:09","modified_gmt":"2018-11-29T15:19:09","slug":"business-reviews-power-equipment","status":"publish","type":"page","link":"https:\/\/ir2013.www.ttigroup.com\/mda\/business-reviews-power-equipment\/","title":{"rendered":"Business Review: Power Equipment"},"content":{"rendered":"
\n
Business Review: Power Equipment<\/div>\n
\n
\n
USD1.5 billion
\n74.4% of the total turnover<\/div>\n
\n
\n
<\/div>\n<\/p><\/div>\n
\n
Power Equipment<\/div>\n
74.4<\/span>%<\/span><\/div>\n
Floor Care and Appliances<\/div>\n
25.6<\/span>%<\/span><\/div>\n<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n
Brand<\/td>\nMarket Segment<\/td>\nMajor Market<\/td>\n<\/tr>\n
<\/span><\/td>\nIndustrial<\/td>\nGlobal<\/td>\n<\/tr>\n
<\/span><\/td>\nProfessional<\/td>\nGlobal<\/td>\n<\/tr>\n
<\/span><\/td>\n\n
    Consumer<\/p>\n
  • Power Tools & Accessories<\/li>\n<\/ul>\n
      Garden Enthusiasts<\/p>\n
    • Outdoor Products & Accessories<\/li>\n<\/ul>\n<\/td>\n
North America, Europe, Australasia<\/td>\n<\/tr>\n
<\/span><\/td>\n\n
    Consumer<\/p>\n
  • Outdoor Products & Accessories<\/li>\n<\/ul>\n<\/td>\n
Global<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n
Power Equipment Business Review<\/div>\n

The Power Equipment business, comprised of power tools, hand tools, outdoor products and accessories, delivered USD1.5 billion in sales, 7.9% higher than the same period last year. The business accounted for 74.4% of overall Group sales.<\/p>\n

Industrial<\/div>\n

MILWAUKEE®<\/sup> had a strong six months, once again achieving double-digit<\/span> sales growth globally, driven by the introduction of innovative new products, execution of targeted field initiatives, and geographic expansion. The rapid global adoption of MILWAUKEE®<\/sup> FUEL®<\/sup><\/span> lithium technology was a key driver of growth in cordless power tools. We rolled out a series of M12®<\/sup> and M18®<\/sup> FUEL®<\/sup><\/span> cordless products that have sold beyond our expectations. We also achieved exceptional growth in MILWAUKEE®<\/sup> hand tools and accessories throughout the world. MILWAUKEE®<\/sup> continues to be the fastest growing brand of industrial power tools globally.<\/p>\n

Consumer, Trade and Professional<\/div>\n

Our consumer RYOBI®<\/sup> brand had an excellent first half driven by new innovative lithium products. One of the highlights in the first-half<\/span> was the successful launch of the RYOBI®<\/sup> 18-volt<\/span> One+ System®<\/sup><\/span> AirStrike\u2122 nailer and a new generation of LITHIUM+®<\/sup> batteries. The RYOBI®<\/sup> One+ System®<\/sup><\/span> TV campaign in the US proved to be highly successful in driving demand. RYOBI®<\/sup> continues to be the leading Do-It-Yourself<\/span> brand of tools in the world today.<\/p>\n

We saw excellent progress with our AEG®<\/sup> brand in the first half driven by a series of successful new lithium product introductions. We were particularly pleased with the outstanding growth AEG®<\/sup> delivered in the Australia\/New Zealand market in the first half. <\/p>\n

Outdoor Products and Accessories<\/div>\n

Despite challenging weather conditions in North America, we achieved outstanding growth in our outdoor products business, thanks to our highly successful roll out of new RYOBI®<\/sup> 18-volt<\/span> One+ System®<\/sup><\/span> and 40-volt<\/span> lithium powered products. We were particularly pleased with the tremendous sales of the RYOBI®<\/sup> One+ System®<\/sup><\/span> Hybrid string trimmer which launched in the first half of the year.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Business Review: Power Equipment USD1.5 billion 74.4% of the total turnover Power Equipment 74.4% Floor Care and Appliances 25.6% Brand Market Segment Major Market Industrial Global Professional Global Consumer Power Tools & Accessories Garden Enthusiasts Outdoor Products & Accessories North … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"parent":32,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"_tmp_report.php","meta":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/68"}],"collection":[{"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/comments?post=68"}],"version-history":[{"count":1,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/68\/revisions"}],"predecessor-version":[{"id":5172,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/68\/revisions\/5172"}],"up":[{"embeddable":true,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/32"}],"wp:attachment":[{"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/media?parent=68"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/ir2013.www.ttigroup.com\/wp-json\/wp\/v2\/yst_prominent_words?post=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}