The Liechtenstein construction technology company announced that it achieved nearly 3.3 billion Swiss francs in overall sales in the first eight months of the year, which corresponds to a 7.5 increase over the same period last year.
The strongest sales growth was experienced in the regional markets of Eastern Europe, the Middle East and Africa with an increase of 14.6 per cent. They were followed by Latin America, which boasted a sales increase of 12 per cent. The company’s largest sales market, Europe, experienced a sales growth of 7.3 per cent, followed by North America (6.8 per cent) and Asia/Pacific (3.4 per cent).
“2017 has been a promising business year to date,” said Hilti CEO Christoph Loos. “Looking ahead, we do not anticipate any major changes in the next few months, which strengthens our confidence to be able to continue the growth trend in both sales and operating result.”
Hilti reported an operating result of 428 million francs at the end of August, an increase of 16.2 per cent over the first eight months of 2016. Net income grew by 10.4 per cent to reach 319 million francs. At the same time, Hilti’s R&D spending grew by 6.7 per cent to reach 191 million and its head count was up 7.7 per cent to 26,064.
Loos indicated that the company will “continue to invest in products and sales to expand our digital offering in particular and to gain new customers”.