Techtronic Industries Nordic Aps

Beskrivelse af usikkerhed ved indregning eller måling
Uncertainty relating to recognition and measurementAccording to note 15, warranty commitments have been recognised by DKK 45.7 million regarding expected

demands based on the previous experience of the level of repairs and returns. Based on future expectations, these warranty commitments include a significant element of uncertainty.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold
Development in activities and financesTTI Nordic revenue decreased by 1% compared to 2022 driven by our DIY / consumer segment, due to the economic environment in our markets and customer's inventory management, whereas our professional channel continued double digit growth. Nevertheless, TTI Nordic continued to outpace the competition in both consumer and professional segment by accelerating the transition to cordless tools and equipment, while consistently generating gross margin improvement and profit growth. The profit before tax for the year amounts to DKK 37 million.