The Hilti Group achieved double-digit growth in 2018, boosting sales 10.7% to CHF 5.69 billion. When adjusted for acquisition effects, the increase is 9.7%. The operating result rose 7% to CHF 728 million.

“The primary factor driving the company’s success once again proved to be the consistent implementation of the Champion 2020 corporate strategy and significant investments in innovation, market reach and infrastructure,” the company stated.

Hilti sales in North America and Europe achieved double-digit increases, with North America sales rising 10.4% and sales in Europe growing 10.6%.

Sales in Latin America increased 8.6%, “although the region’s main markets continued to be hampered by political uncertainties.”

Growth in the Eastern Europe / Middle East / Africa region gained 9.3%, “although political tensions also had a negative influence on results in this region, particularly in Russia, Turkey and Saudi Arabia.”

In Asia/Pacific, the growth level increased to 7% “but remained below expectations.”

During 2018, Hilti expenditures in R&D rose 14% to CHF 355 million.

The number of employees increased 8% to 29,004. Web: Hilti.com