Hilti Group reports that first eight months of the current financial year, sales were up +6.6% in local currencies. Operating result (+12.6%) and net income (+20.8%) were above the previous-year value as well.
Group sales in Swiss francs were up +7.3% year-on-year to reach CHF3,049 million.
‘The positive sales curve shows that our Champion 2020 corporate strategy is bearing fruit,’ said CEO Christoph Loos. ‘We succeeded in using the momentum in many regions and are satisfied with the current year.’
Overall, sales growth was positive in the company’s market regions. Hilti says. In Europe, the company generated a solid sales increase of +7.3% in local currencies while North America posted continued double-digit growth due to high-level activity in the construction sector (+14,0% excl. Unirac). Eastern Europe/Middle East/Africa (+6.7%) and Asia/Pacific (+3.3%) also kept up the positive trend. However, in Latin America, sales declined by -5.7% year-on-year.
‘We are well on track and confident that we will continue our accelerated growth rate while maintaining our current level of profitability,’ added Loos.
This story is reprinted from material from Hilti, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
