Hilti achieves double-digit growth

The Hilti Group achieved sales of 5.6 billion Swiss francs in 2018. Compared to 2017, this represents a growth of 10.7 per cent. Without acquisition effects, sales increased by 9.7 per cent, according to a press release from the construction tools manufacturer headquartered in Schaan. “2018 was an important year for the Hilti Group,” said CEO Christoph Loos. “We made substantial investments into innovations, market reach and our infrastructure, laying the foundation for long-term profitable growth.” However, the CEO predicts a reduction in growth dynamic for the current year “due to the continuing global trade tensions”. The detailed 2018 results will be published on 15 March. All market regions contributed to last year’s growth. In Europe, for example, sales grew by 10.6 per cent in local currencies. North America saw sales growth of 10.4 per cent, while in Latin America it was 8.6 per cent. In Asia Pacific, sales grew 7.0 per cent, and in the regions Eastern Europe, the Middle East and Africa, the figure was 9.3 per cent.