In 2015, Liechtenstein-based construction technology group Hilti increased sales in local currencies by 5.8 per cent. In Swiss Francs, sales fell by 2.5 per cent.
Compared to 2014, overall sales in 2015 declined by CHF 113 million to CHF 4384 million, according to a press release. It adds that the year was challenging for Hilti as a result of the appreciation of the Swiss Franc and volatile markets in emerging countries. CEO Christoph Loos was quoted as saying: Given these challenges, we are satisfied with our sales growth. We are obviously less pleased with the fact that we have lost more than 8 percentage points of sales after conversion into Swiss Francs. Nevertheless, Hilti continued to pursue its forward strategy and further invested in innovation and the development of distribution capacities. As a result, according to Loos, Hilti succeeded in accelerating sales growth over the past few months.
Local currency sales in 2015 grew compared to the previous year: in Europe by 4.2 per cent, in North America by 10.2 per cent, in the Asia/Pacific region by 3 per cent, and in Latin America by 7.7 per cent. Meanwhile, growth of 7.5 per cent was posted in the Eastern Europe/Middle East/Africa region. The press release adds that Hilti is determined to maintain this course in 2016 and expand its market shares.