Hilti achieves double digit sales growthPublished 7/3 at 12:36
The Hilti Group has reported sales of approximately €5.1B in 2018, this being a 10.7% increase on the previous year.
2018 was an important year for the Hilti Group, with substantial investments being made in order to lay the foundation for long term profitable growth. With double digit sales growth being reported, the company is said to have reached its goal. However, due to the continuing global trade tensions, company chief executive, Christoph Loos, sees potential problems in 2019.
Hilti Group sales increased 10.7% when compared to 2017 (in local currencies, sales grew 9.8%). In Europe, Hilti achieved strong sales growth of 10.6% in local currencies, with the only exception being the United Kingdom, where Brexit is creating uncertainties in the construction industry. North America again saw double digit sales growth (+10.4%), while Latin America continued its upward swing with an increase of 8.6%. In Asia Pacific, sales grew 7.0%, and despite of the challenges in countries such as Turkey, Russia and Saudi Arabia, the Eastern Europe / Middle East / Africa region saw sales grow by 9.3%.
The Hilti Group supplies the worldwide construction industry with technologically leading products, systems, software and services that provide construction professionals with innovative solutions and superior added value. The group employs more than 28,000 team members in over 120 countries. Hilti’s corporate culture is based on integrity, teamwork, commitment and the courage to embrace change and is headquartered in Schaan, Liechtenstein.