Hilti continues profitable growthPublished 27/6, 2019 at 16:44
Continued investment sees the Hilti Group benefit from a positive market environment to again record double digit growth.
Hilti Group sales in 2018 increased by 10.7% (€4.96B) with local currency sales growing by 9.8% and operating profits increasing by 7%. “2018 was a dynamic and important year for us. We used our strong financial position and the continuing positive market environment for significant investments for the future. We invested more than ever before and continued the consistent implementation of our Champion 2020 strategy,” chief executive Christoph Loos summarised. “We are pleased with our annual results, which are within our expectations. We are confident in the current focus of the company and have therefore decided to extend the timeline of our Champion 2020 strategy by two to three years. Within this timeframe, we will continue our investments into digitalizing and modernizing the company.”
Despite these positive results, the reduction in the dynamic of the global economy and ongoing trade tensions, the Hilti Group sees a more challenging environment and lower market growth for the current business year. As a result, sales and operating profit are expected to increase in the range of medium to high single digits.