In 2024, the Hilti Group increased sales by 1.5% in local currencies compared to the previous year. In Swiss francs sales declined by 1.4% to CHF 6.4 billion due to negative currency effects.
Jahangir Doongaji, CEO explains: “In a negative market environment, we saw slight growth in local currencies. In addition, we made good progress in implementing our strategic priorities in 2024 and invested significantly into our future.”
In 2024, high interest rates further softened the global construction market, especially in Europe, where the Hilti Group’s sales declined by 0.2% in local currencies. In the Americas growth was at 2.2%, with a double-digit increase in Latin America. Sales in Asia/Pacific grew by 4.7%, with the region benefiting from positive developments in North Asia. In the eastern Europe, Middle East, Africa region sales grew 5.9%, with strong contributions from the Middle East countries.
The continued appreciation of the Swiss franc, against the major currencies, led to a negative currency effect of -2.9 percentage points on sales in the full-year comparison.
For 2025, the Hilti Group expects a similar market environment and comparable sales growth in local currencies.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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