With sales growth of 9% in local currencies, Hilti Group reports that it outperformed the market with a total 2023 turnover of CHF 6.5 billion (€6.767 billion). In Swiss francs, growth reached 2.7%, reflecting a significantly negative currency impact.
At a regional level, Europe managed to close the year with sales growth of 8.7% in local currencies, primarily driven by the strong contribution from southern Europe. The Americas region grew by 9.1%, while Asia/Pacific was at 13.8%. China recovered slowly from Covid-19 lockdowns, while the rest of the region achieved solid growth rates. The ongoing war in Ukraine had an impact on the entire EEMEA region (eastern Europe, Middle East and Africa), resulting in growth of 3.1%. The continuous appreciation of the Swiss franc against all major currencies resulted in a negative impact of 6.3% on sales.
“Despite the ongoing economic and geopolitical uncertainties, we grew at a high single digit rate in local currencies and, with that, outperformed our industry. We expect a further softening of the environment in 2024 but are well equipped to face this challenge and confident to continue our growth,” reports Jahangir Doongaji, CEO at Hilti Group.
For 2024, Hilti Group expects a mid-single digit sales growth in local currencies with a significantly negative currency impact in Swiss francs.
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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