Hilti reports continued growth in 2016
January 24, 2017
The Hilti Group, headquartered in Schaan, Lichtenstein, has reported that in the 2016 financial year it achieved sales of CHF 4.6 billion, a growth of 5.7%. In what was stated as being a challenging environment the group reported that in local currencies sales were up 5.3% and after adjusting for the divestment of US-based solar affiliate Unirac, sales in Swiss Francs have increased by 7.1%.
The development in North America was highlighted as being particularly noteworthy with Hilti showing a strong performance in a consistently dynamic construction market (+11.6% in local currencies, excluding the Unirac effect). The European region was up +6.2%, with Southern European markets displaying growing momentum.
As a result of the persistent economic crisis in Brazil, the Latin American region was slightly below the previous year’s performance (-1.2%). Continued sales increases were achieved in the regions of Eastern Europe / Middle East / Africa (+5.6%) and Asia/Pacific (+3.3%).
“These figures prove that our major investments made over the past few years are now materialising. Sales growth was particularly spurred by our enhanced R&D activities as well as the further expansion of our sales capacity. Thus, we are happy to look back on 2016 with satisfaction,” stated CEO Christoph Loos.
Discussing expectations for 2017, Loos added, “both the market and currency environments will remain challenging given the large number of unsolved global issues. We are confident we will outperform the market in 2017 once again. In order to achieve this, we will continue to invest in our products, services and software and further expand our sales team.”
