Hilti delivers strong financial results

March 24, 2015

March 24, 2015

Hilti, based in Schaan, Liechtenstein, has announced sales growth of 7.5% in local currencies and 3.6% in Swiss Francs to CHF 4.5 billion. The Hilti Group increased its operating result by 27% to CHF 537 million in 2014. Profitability, return on capital employed and free cash flow are on target.

“We are very pleased with the 2014 results,”  commented Christoph Loos, CEO of the Hilti Group.  “At the end of 2013 we decided to go back to investing significantly more, to accelerate growth, to gain market shares and to further increase our profit and return on capital employed. All these targets have been achieved.”

The global development showed a highly mixed picture in 2014. While markets in Northern and Central Europe were generally positive, construction in Western and Southern Europe continued to be subdued. The exceptionally strong winter that hit the Eastern part of North America at the beginning of the year dampened what was otherwise a very positive performance.

The emerging markets were also characterised by heterogeneous developments. The Middle East and parts of Asia did very well, quite in contrast to Eastern Europe which was severely affected by the political situation in Russia and Ukraine. The initial momentum seen in Latin America was increasingly tarnished by political uncertainties later in the year.

Against this backdrop, Hilti states that it stood its ground well and posted further growth at local currencies in all regions. After a slightly negative trend in the previous year, overall business in Europe has increased (+3.5%). In North America, a strong second half helped to almost completely offset a slow start to the year (+9.5%). In the emerging markets, sales growth reached double-digit figures (Latin America +14.6%, Eastern Europe / Middle East / Africa +14.9%, Asia +10.6%). On the whole, sales in local currencies were up 7.5 percent (against 4.5% in the previous year).

According to the economic forecasts for 2015, the business climate is expected to be similar as in 2014, however marked by continued regional differentials. Thus, the Hilti Group reckons that growth in local currencies will be in the solid single-digit range. Commenting on the exchange rate situation, Christoph Loos stated, “The substantial appreciation of the Swiss Franc has also a considerable impact on our figures. But our solid profitability, balance sheet and cash flow positions will enable us to pursue the planned investments into sales capacity, product development and services. Thus, we see ourselves well positioned for the 2015 business year.”



Subscribe to our FREE e-newsletter

Register to receive our FREE e-newsletter and a complimentary digital subscription to Powder Metallurgy Review magazine:

Your email address:

Useful links: Download PM Review magazine | News headlines | Browse articles 

March 24, 2015

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link