Hilti Group raises sales by more than 12 percent
26 January 2022
The Hilti Group once again achieved double-digit growth in 2021, by 12.1 percent. The tool manufacturer was able to fully compensate for the coronavirus-related decline in sales of the previous year. Hilti closed the year well above the pre-crisis level in local currencies.
The Hilti Group once again achieved double-digit growth in 2021. On average, sales were 12.1 percent above the previous year’s level. In local currencies the increase amounted to 12.2 percent.
“The recovery trend in the construction industry continued during the last four months of 2021,” said CEO Christoph Loos in a press release. “We were able to maintain double-digit growth in a relatively stable currency environment and fully compensate for the coronavirus-related decline in sales of the previous year. This has allowed us to close the year well above the pre-crisis level in local currencies.”
In Europe, sales reportedly increased by 13.8 percent in local currencies. The Mediterranean countries, in particular, experienced a strongly improved environment. The Americas also generated double-digit growth of 10.5 percent, with Latin America posting disproportionately high gains.
In Asia/Pacific, sales increased by 8.9 percent, while the Eastern Europe/Middle East/Africa region reported a rise of 12.3 percent. The Gulf States “unsurprisingly” fell short of expectations, while Turkey’s currency devaluation had a negative impact.
Hilti expects a positive development in the construction industry in 2022 and is once again targeting double-digit sales growth.