Hilti posts increased operating result
15 March 2024
Schaan - The Hilti Group increased its operating result in financial year 2023 to 770 million Swiss francs. The completion of the global rollout of the cordless Nuron platform contributed to this result in particular. In addition, the Schaan-based tool manufacturer acquired the 4PS Group during the reporting year.
The Hilti Group generated total sales in excess of 6.5 billion Swiss francs around the world in financial year 2023, further details of which can be found in a press release issued by the Schaan-based tool manufacturer. In local currencies, this equates to growth of 9.0 percent. In Swiss francs, growth of 2.7 percent was recorded.
At 770 million Swiss francs, the operating result improved by 5.3 percent year on year, while net income stood at 560 million Swiss francs, or 0.9 percent down on the prior-year value. The return on sales increased by 0.3 percentage points to 11.8 percent, while the return on capital employed improved by 0.1 percentage points to 13.3 percent overall. For the current year, Hilti is striving to achieve mid-single-digit sales growth in local currencies and a return on sales that more or less matches the level of 2023.
In terms of the growth drivers for the reporting year, Hilti highlights its new cordless Nuron platform in the press release. The global rollout of this was completed in 2023, while an additional 30 new tools were brought to market to go alongside the 70 previously launched as part of this platform. During the reporting year, Hilti also acquired the 4PS Gruppe, a company which specializes in the development of software for business processes within the construction industry.
“We achieved strong growth in local currencies and increased our operating result, despite the challenging economic environment, the strong Swiss franc and the continued high level of investment”, explains Jahangir Doongaji, CEO of Hilti, in the press release. “As we enter 2024, we are confident that we can continue to grow faster than the market”, he concludes.