In the first four months of 2022, the Hilti Group achieved a 5.6% sales increase to CHF 2.03 billion (US$2.04 billion). In local currencies, growth reached 9%.

“The global supply bottlenecks, combined with massive price increases for raw materials and for energy and transportation, have been further exacerbated by the war in Ukraine and the current lockdowns in China,” stated CEO Christoph Loos.

In Europe, Hilti increased sales in local currencies by 8.8% with a positive development in Northern and Southern Europe. 

In the Americas, the increase amounted to 10.9%, supported by strong growth in Latin America. 

Influenced by the COVID-19 restrictions, sales in Asia achieved only slight growth of 1.1%. 

The Eastern Europe / Middle East / Africa region recorded double-digit sales growth (+15.4%) “as the effects of the war in Ukraine and the associated sanctions against Russia will only become visible in the business results in the coming months.”

The challenging market environment and rising interest rates increase the likelihood of an economic slowdown in the construction industry. 

“Nevertheless, the Hilti Group continues to expect double-digit sales growth in local currencies for the full year, driven primarily by price increases.”

The Hilti Group supplies the global construction and energy industries with products, systems, software and services. With about 31,000 team members in over 120 countries, the company generated sales of nearly CHF 6 billion in 2021. 

Headquartered in Schaan, Liechtenstein, since its founding in 1941, Hilti is privately owned by the Martin Hilti Family Trust. Web: Hilti.group