Hilti Group reported that its 2018 full year sales had increased 10.7% to CHF 5.6 billion. Factoring out acquisition effects, sales increased 9.7% year-on-year.
CEO Christoph Loos commented: “2018 was an important year for the Hilti Group. We made substantial investments into innovations, market reach and our infrastructure, laying the foundation for long-term profitable growth. With double-digit sales growth, we have reached our goal. However, due to the continuing global trade tensions, we see a reduction in growth dynamic.”
In Europe, Hilti achieved strong sales growth at 10.6% in local currencies. The only exception was the United Kingdom, where “BREXIT is creating uncertainties in the construction industry”. Hilti also recorded double-digit growth in North America (+10.4%), while Latin America continued an “upward swing” with an increase of 8.6%. Asia-Pacific sales grew 7%. “In spite of the challenges in countries like Turkey, Russia and Saudi Arabia” the Eastern Europe/Middle East/Africa region increased sales by 9.3%.
[CHF 100 = €88.52 at Interbank on 25.01.19]
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 17 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.