Hilti, the international Liechtenstein construction devices manufacturer, generated global sales of 3.751 billion Swiss francs in the period between January and August, announced a statement. This equates to year-on-year growth of 14.7 per cent, with 12.7 per cent contributed by organic growth.
“Even though the world political situation has become more unpredictable, we continue to show double-digit growth, which is faster than the global construction market,” said CEO Christoph Loos. “This success is based on the consistently high level of investment into sales resources and innovation. Our main investment focus in recent months has been in the area of digital solutions.”
As a result, Hilti’s expenditures for research and development rose by 17.6 per cent over the last year to 225 million francs. At the same time, the number of employees grew by 9.6 per cent to 28,566 people.
The group posted an operating result of 456 million francs, which is a year-on-year surge of 7.6 per cent, while net income rose by 4.5 per cent to 329 million francs.
Only the figures for return on sales (ROS) and return on capital employed (ROCE) declined slightly, with ROS down 0.8 percentage points to 12.1 per cent and ROCE down 0.6 percentage points to 22.2 per cent. Hilti attributed these figures to the more robust spending level and the stronger euro.