In the first four months of 2018, the Hilti Group grew sales by 16% to CHF 1.8 billion (€1.6 billion). In local currencies, the company’s sales increased 13% over the same period last year.
Hilti credits the successful start into 2018 on continued investments in its product portfolio and direct sales combined with a generally positive market environment. CEO Christoph Loos remains confident: “Our positive start confirms that the course we continue to consistently follow is the right one. We expect double-digit growth over the entire financial year despite more pronounced political uncertainties in certain regions.”
In local currencies, almost all business regions posted double-digit sales growth rates in the first four months of 2018: North America was up 12% to CHF 411 million, while Europe grew by 13% to CHF 914 million. Significantly better sales figures were recorded both in Latin America (+11% to CHF 42 million) and the Asia/Pacific region (+9% to CHF 239 million). Sales in the eastern Europe / Middle East / Africa region were up 19% (CHF 212 million).
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.
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