Hilti Group reported sales growth of 1.9% in local currencies over the first eight months of the 2024 business year. Consistently negative currency effects impacted sales and resulted in a decrease of 1.1% in Swiss francs compared to the same period last year. The operating result grew by 4.9% to CHF 489 million (€520 million).
Business development over the first eight months of 2024 was largely influenced by a challenging market in central and northern Europe (up 0.2% in Europe in local currencies). In the Americas, Hilti Group recorded a slight increase of 1.2%. In Asia-Pacific the company was able to grow by 5.5%, while the EMEA region continued to grow strongly, at 11%.
“We expect the market environment to continue to vary strongly, from negative in our home market of central Europe to positive in Asia-Pacific and the Middle East. With our business model, we can successfully navigate these uncertain times,” explains Jahangir Doongaji, CEO at Hilti Group.
Hilti recognised as carbon management leader
Hilti Group has achieved a Gold rating in the EcoVadis assessment for the fourth consecutive year, placing the company in the top 2% of over 130,000 companies evaluated across all industries worldwide and in the top 1% in the industry segment.
EcoVadis has once again declared Hilti to be a ‘leader in carbon management’ and a ‘company with a best-in-class greenhouse gas management system and strong ambitions for decarbonisation’. This outstanding rating is also based on Hilti’s commitment to the Science Based Targets initiative (SBTi), which aims for a significant carbon footprint reduction by 2032 and net zero emissions by 2050.
“We are honoured to see our efforts in sustainability once again recognised,” says Jahangir Doongaji. “We will continue to diligently work on our initiatives to be our customers’ best partner for sustainability.”
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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