Techtronic Indus Ltd Adr (TTNDY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

It gives me great pleasure to welcome all of you to TTI's Group 2024 Annual Result Announcement. I would like to start by introducing our Group CFO, Mr. Steve Richman. And today, the presenter will be our President from Milwaukee Power Tools, Mr. Shane Mall. Thank you. And our RYOBI Power 2 president, Mr. Bobby Shaw. Bobby, welcome. We had an outstanding 2024 with sales outperforming the market and delivering double-digit growth with strong free cash flow, as we will present to you later in this meeting. It is always more easy for me to welcome you with good and strong results. It's understandable. Our group vice-chairman, Mr. Stefan Putville, will continue with my opening remarks before they elaborate our results. Stefan, please. Thank you, Chairman. So as the chairman highlighted, we had an outstanding 2024. With revenue up 6.5%, net profit up 14.9%, and 1.6 billion of free cash flow, I think it's safe to say we had a great year. Now, at the foundation of this success is innovation. And in order to innovate, you need great culture. and exceptional people. So we have spent years assembling what we believe is the greatest team in the industry. And it is this team what sets TTI apart from the competition. So I'm extremely excited to have Steve, Shane, and Bobby with us today to walk us through not only the 2024 results, but also the outlook and to talk about all the exciting opportunities that lie ahead of us in the future. And believe me, there are a lot of opportunities. Now, before I hand the floor over to our group CFO, Mr. Frank Chan, I would like to mention that TTI was founded by our chairman, Mr. Horace Pudwell, in 1985. So 2025 marks our 40th anniversary. And actually going back in 2024, that was the 100th anniversary of Milwaukee. But what I can tell you is ...