Schaan (FL), January 25, 2019 – The Hilti Group closed 2018 with sales growth of 10.7 percent to CHF 5.6 billion. Without acquisition effects, sales increased 9.7 percent.
«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», CEO Christoph Loos summarizes the year.
Group sales increased 10.7 percent compared to 2017 to CHF 5.6 billion. In local currencies, sales grew 9.8 percent.
In Europe, Hilti achieved strong sales growth of 10,6 percent in local currencies. The only exception here was in the United Kingdom, where Brexit is creating uncertainties in the construction industry. North America again saw double-digit sales growth (+10.4%), while Latin America continued its upward swing with an increase of 8.6 percent. In Asia Pacific, sales grew 7.0 percent. In spite of the challenges in countries like Turkey, Russia and Saudi Arabia, the region Eastern Europe / Middle East / Africa grew sales by 9.3 percent.
Note: The detailed 2018 results will be published on March 15, 2019.
