Hilti breaks CHF 5 billion sales markPublished 22/2 at 12:38
2017 saw the Hilti Group continue to grow throughout all business regions with sales increasing significantly to CHF 5.1 billion (€4.4 billion). Year on year sales were up +10.8% in Swiss Francs and +9.6% in local currencies.
“We owe this milestone to our global team that is working with consistency and dedication to implement the objectives of our corporate strategy. Once again, we have launched more than 60 new products, extended our portfolio significantly and strengthened our global sales team. With this solid foundation firmly in place, we managed to make even better use of last year’s favourable market conditions. It is our intention to maintain this momentum,” says Hilti CEO Christoph Loos, expressing his confidence for 2018.
The performance of the business regions reflects the broad based growth experienced by the company. With all markets performing favourably, Europe increased +9.7% in local currencies, whilst North America grew by +8.5% and Latin America by +9.7%.
This upward trend was further strengthened globally, although the general economic situation continues to stabilize at a slow place. Asia/Pacific saw growth of +5.3%, which was counter balanced by the dynamic performance of the Eastern Europe / Middle East / Africa region (+17.4%), with Russia leading the way by reporting yet another set of strong growth figures.