Hilti Group has achieved total sales of nearly CHF 6 billion in 2021, 12.1% above the previous year’s level. In local currencies the increase in sales amounted to 12.2%.
CEO Christoph Loos explained: "The recovery trend in the construction industry continued during the last four months of 2021. We were able to maintain double-digit growth in a relatively stable currency environment and fully compensate for the coronavirus-related decline in sales of the previous year. This has allowed us to close the year well above the pre-crisis level in local currencies.”
In Europe, sales increased by 13.8% in local currencies. The Mediterranean countries, in particular, experienced a strongly improved environment. The Americas also generated double-digit growth of 10.5%, with Latin America posting disproportionately high gains. In Asia/Pacific, sales increased by 8.9%. Southeast Asia, in particular, still had to contend with severe Covid-19 related restrictions. The eastern European countries primarily contributed to the significant increase of 12.3% in the eastern Europe/Middle East/Africa region. Due to ongoing challenges, the Gulf States unsurprisingly fell short of expectations, while Turkey’s currency devaluation had a negative impact.
Despite Covid-19, ongoing challenges in the global supply chain and current political tensions the Hilti Group expects a positive development in the construction industry in 2022 and is once again targeting double-digit sales growth.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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