HILTI ACHIEVES DOUBLE-DIGIT SALES GROWTH
Published: 19/3, 2019
The Hilti Group closed 2018 with sales growth of 10.7 % to $5.5 billion, according to figures released by the company in January. Hilti CEO Christoph Loos summarized the year as having been important year for the Hilti Group. ÒWe made substantial investments into innovations, market reach and our infrastructure, laying the foundation for long-term profitable growth, Loos said. ÒWith double-digit sales growth, we have reached our goal. As with many other equipment manufacturers, however, Loos forecast a reduction in growth dynamics due to continuing global trade tensions. North America again saw double-digit sales growth (10.4%) for Hilti products during 2018, while Latin America continued its upward swing with an increase of 8.6%. In Europe, Hilti achieved strong sales growth of 10.6%in local currencies. The sole exception was in the United Kingdom, where Brexit is creating uncertainties in the construction industry. In HiltiÕs Asia Pacific, sales grew by 7%. Despite challenges in countries such Turkey, Russia, and Saudi Arabia, Hilti's sales in Eastern Europe /Middle East /Africa grew by 9.3%. Hilti will publish detailed 2018 results in March.