TTI Reports Record Sales and Profit for 2012

                 TTI Reports Record Sales and Profit for 2012

  PR Newswire

  HONG KONG, March 21, 2013

- New Products, Geographic Expansion, and Productivity Improvements Bring
Another Record Year for TTI

HONG KONG, March 21, 2013 /PRNewswire/ -- Hong Kong based global power
equipment and floor care company, Techtronic Industries Co. Ltd. ("TTI" / The
Group) (stock code: 669, ADR symbol: TTNDY) today announced its results for
the financial year ended December 31, 2012, delivering record sales and
profit. Profit attributable to shareholders of the Company grew by 32.2% to
US$201 million and earnings per share increased by 20.6% over 2011 to US11.42
cents. Group sales for the year rose by 5.1% to US$3.9 billion as TTI
delivered organic growth in all geographic regions. Gross profit margin
improved for the fourth straight year to 33.5% from 32.6% last year on further
productivity gains in our operations, the introduction of new products, and
strong growth in our industrial power tools business. 2012 earnings before
interest and tax increased by 18.6% to US$260 million, with the margin
improving by 80 basis points to 6.8%. Lowered interest expenses as a result of
a reduction in debt also helped profit to rise, while higher revenues and
operational efficiency drove positive free cash flow to a record US$275
million. The Board is recommending a final dividend of HK10.75 cents
(approximately US1.38 cents) per share, which will result in a full-year
dividend 37.3% higher than last year.

Mr. Horst Pudwill, Chairman of TTI , said, "I am pleased to announce that in
2012 TTI delivered record sales, record profit and record cash flow. Our
disciplined implementation of the TTI strategic plan is yielding outstanding
results across all of our business units and geographic regions. I am
particularly pleased with the tremendous progress made in new product
development and our excellent productivity gains, which are the catalysts for
sales and profit growth. These results once again demonstrate the fundamental
strength of TTI."

"I believe that TTI, with its powerful brand portfolio, has outstanding
prospects for 2013 and beyond. Our new product programs, productivity
improvement initiatives and cash management efforts all have solid momentum,
supported by disciplined processes and rigorous management," said Mr. Joseph
Galli, CEO of TTI .

Highlights
                                    2012 USD' million 2011USD'million Changes
                                                           (Restated)
Turnover                                        3,852           3,667   +5.1%
EBITDA                                            389             339  +14.8%
EBIT                                              260             219  +18.6%
Profit attributable to Owners of
the Company                                       201             152  +32.2%
Basic earnings per share (US
cents)                                          11.42            9.47  +20.6%
Dividend per share (approx. US
cents)                                           2.25            1.64  +37.3%

About TTI

Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990,
TTI is a world-class leader in quality consumer, professional and industrial
products marketed to the home improvement, hardware, and construction
industries. An unrelenting strategic focus on Powerful Brands, Innovative
Products, Exceptional People, and Operational Excellence drives our success.
TTI's powerful brand portfolio includes MILWAUKEE®, AEG® and RYOBI® power
tools, accessories and hand tools, RYOBI® and HOMELITE® outdoor products, and
HOOVER®, DIRT DEVIL® and VAX® floor care and appliances.

TTI is one of the constituent stocks on the Hang Seng HK SmallCap Index under
the Hang Seng Composite Index, the FTSE All-World Hong Kong Index and the FTSE
Xinhua Hong Kong Index. For more information, please visit
http://www.ttigroup.com/ .

All trademarks are intellectual property of their respective owners and are
protected under trademark law. AEG ® is a registered trademark and its use is
pursuant to a License granted by AB Electrolux (publ). RYOBI ® is a registered
trademark and its use is pursuant to a License granted by Ryobi Limited.

Website: http://www.ttigroup.com
Contact: Techtronic Industries Co. Ltd., Shelleyan Fung, +(852) 2402 6495,
shelleyan.fung@tti.com.hk; Strategic Financial Relations Limited, Veron Ng,
+(852) 2864 4831, veron.ng@sprg.com.hk; Ming Chan, +(852) 2864 4892,
ming.chan@sprg.com.hk; Sadie Lam, +(852) 2864 4861, sadie.lam@sprg.com.hk
 
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