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.
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