Hilti reports sales increase for first four months of 2017
May 11, 2017
Hilti Group, headquartered in Schaan, Liechtenstein, has reported continued growth for 2017 so far. Despite global market uncertainties, the group reports that it saw a sales increase of 4.9% in the first four months of the year compared to the same period in 2016. In local currencies, sales have grown by 4.8%. After adjusting for the divestment of the solar company Unirac, sales in Swiss Francs saw an increase of 6.1%.
According to Hilti, strong growth was achieved in the North American region with a 7.6% sales increase (adjusting for the divestment of Unirac) while an 8.5% sales increase was achieved in Eastern Europe, the Middle East and Africa. In Europe, the group posted solid growth at 5.5%, while sales in the Asia-Pacific region grew by 2.6%. Despite ongoing economic crisis in parts of Latin America, Hilti Group reported a sales increase of 7.6% in the region.
“Following a slower start to the year, our business has regained significant momentum in the past two months. For 2017, we will continue to adhere to our objective of achieving slightly higher sales growth than in the previous year. Furthermore, we will proceed on our investment course, focusing on our product portfolio and sales capacities,” stated Christoph Loos, Hilti Group CEO.