Hilti Group reports sales growth in 2012
January 21, 2013
The Hilti Group has announced that it increased sales by 4.4% in local currencies in the 2012 business year. Sales rose 5.2% year-on-year, to CHF 4204 million (Swiss francs).
“We achieved good results in light of a market environment that failed to improve,” stated Hilti CEO Bo Risberg. “Compared to the previous year the growth rates eased somewhat as the year progressed. This was due both to the on-going negative trend in Europe and to the higher sales levels prevalent over the second half of 2011.”
In terms of Hilti’s sales regions the picture is largely unchanged. While sales increased in Central and Northern Europe the trend in Southern Europe remained negative. Overall, sales in Europe declined by 1.9% in local currencies. The weakness in Europe was compensated for by improvement in the other regions: Latin America continued to show strong growth (+32.4%); sales rose significantly in North America, advancing 13.4%. Sales figures in the Eastern Europe / Middle East / Africa and Asia/Pacific regions also grew substantially, rising 8.9 and 9.5% respectively.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]
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