Financial Highlights
- First Half 2019 Revenue Totaled US$3.7 Billion up by 10.7% in local currency
- Net Profit Continues to Grow at a Faster Rate than Sales, up 11.9%, Driven by the 11th Consecutive First half of Gross Margin Improvement
- Disciplined Working Capital Management, Delivered Working Capital of 18.4% of Sales
- The Flagship Milwaukee Tool Business Continues to Grow 20%+ in local currency
For the six-month period ended June 30, 2019
10th consecutive year of record first half revenue
+8.7%
US$3,728 million
11th consecutive year of record first half gross margin
+50 bps 37.6%
EBIT +11.9% US$314 million
Net Profit+11.9% US$285 million
EPS +12.4% US15.61 cents
Interim Dividend per Share +18.4% US5.79 cents
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Management’s Discussion and Analysis
Power Equipment, Accessories and Hand Tools
Representing 89.1% of total sales, the Power Equipment business reported global sales of US$3.3 billion.
US$3.3 billion
Sales in Power Equipment, Accessories and Hand Tools
Power Equipment segment continued the strong momentum with growth
14.3%
(in local currency)
Milwaukee Tool business once again grew globally over
20%
(in local currency)
The RYOBI ONE+ cordless tool range is the number one line of DIY cordless tools in the world today
The Ryobi Outdoor business delivered
15.9%
growth in the first half
Floor Care and Appliances
Representing 10.9% of total sales, the Floor Care and Appliances business reported global sales of US$406 million.
US$406 million
Sales in Floor Care and Appliances
Hoover’s new ONEPWR cordless system will roll out a family of nine cordless cleaning products
Our Carpet Washing and Solution business posted double digit growth
Floor Care is on track to deliver targeted increase in profits
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