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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

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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