TTI Delivers Exceptional 2020 Results USA - English Share this article Highlights 801 43.80 17.37 Exceptional 2 Full year organic sales growth of over US$2.1 billion, +28% Gross margin improved for the 12 th consecutive year to 38.3%, up +52 basis points Net profit growth of 30.2% to US$801 million Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) announced its results for the financial year ended December 31, 2020. The Group reported sales of US$9.8 billion, an increase of 28.0%. Second half sales grew an exceptional 42.3%, outpacing the market. Gross margin improved for the 12 th consecutive year, from 37.7% in 2019 to 38.3% in 2020. This gross margin improvement is a direct result of the launching of high margin new products, disciplined mix management, exceptional productivity gains and volume leverage.