Hilti Group has reported a sales growth of 13% up to CHF 3.87 billion (€3.57 billion) as per the end of August 2021. Both the operating result and net income significantly increased compared to one year ago to CHF 613 million (+38%) and CHF 466 million (+48%) respectively.
CEO Christoph Loos commented on the intermediate results: “We have managed to continuously recover from the pronounced dip last year, supported by a positive global construction market. Sales were approximately 5% higher compared to pre-crisis level of 2019.”
All geographic regions showed a recovery trend, even though Covid-19 related restrictions are again being felt more strongly in some markets. Europe reported strong growth of 15.9% in local currencies, mainly driven by the Mediterranean countries. Both the Americas (+10.6%) and Asia/Pacific (+11.3%) regions also grew double-digit. The same applies to the Eastern Europe/Middle East/Africa region (+10.7%), where ongoing challenges in the Gulf region are slowing down growth.
Despite higher raw material prices and transport costs, Hilti Group generated an operating result of CHF 613 million, 37.7% higher than in the same period last year. Net income rose by 48.2% to CHF 466 million.
Hilti Group is confident regarding the coming months and expects an ongoing recovery, despite remaining uncertainties due to the Covid-19 pandemic. Sales growth over the full year of 2021 is still expected to be in the high single digits in terms of local currencies.
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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