The construction technology corporation Hilti increased its sales in the first four months of 2016 by around 7 per cent over the previous year. Hilti expects this significant growth to continue.
Sales in local currencies were up by 7.4 per cent compared to a year earlier, while sales in francs increased by 7.2 per cent, reported Hilti in its latest media release. CEO Christoph Loos commented that extensive investment over the past two years had laid the foundations for the recent growth and positive outlook. In 2016, Hilti plans to substantially increase its sales. Loos said that the forward strategy had proved fruitful, and the company would continue to target investment into growth initiatives.
Regional business developed to very different extents between January and May 2016, according to the press release. In North America, sales were up by 12.5 per cent, and in Europe, by 7.8 per cent. In the Middle East/ Africa, Hilti increased its business by 6.4 per cent and in the Asia/ Pacific region by 1.4 per cent. However, economic and political tensions were noticeable in Latin America, where Hiltis sales fell by 8.9 per cent.
The Hilti Group, which is headquartered in Schaan in Liechtenstein, explains that it supplies the global construction industry with products, systems and services. It employs more than 23,000 people in some 120 countries worldwide. Hilti generated sales of CHF 4.4 billion in 2015.