The Hilti Group grew sales by 4.3 percent in the 2019 business year to CHF 5.9 billion. In local currencies, growth was 6.3 percent compared to the previous year.
“2019 was another successful year for us with exclusively organic growth. The economic environment has become more volatile, while global construction growth has noticeably slowed. Additionally, currencies largely displayed depreciation tendencies against the Swiss franc. Against this background we’re satisfied with our growth level and are also pleased that we gained additional market share,” commented Hilti CEO Christoph Loos on the developments in the 2019 business year.
“Hilti North America is pleased to be an important contributor to the growth of the Hilti Group in 2019,” observed Martina McIsaac. McIsaac is the Region Head and Chief Executive Officer of Hilti North America.” Turnover in North America also increased 8.6% in Swiss Francs (7.3% in local currencies).
Martina continued, “Major factors in our growth are the focus on new products, services and also software which bring added-value to the industry, and our 3,800 team members who are engaging daily with professional customers.”
Growth despite Brexit
Hilti achieved an increase of 6.9 percent in local currencies in the Europe business region, despite Brexit uncertainties. They also achieved a substantial downturn of the construction economy in Scandinavia. North America continued to develop positively, thus advancing 7.3 percent. Significant growth was also achieved in Latin America (+8.5%), where the recovery in Brazil made a considerable contribution. In the Asia/Pacific region, the growth level of 4.3 percent was slowed by the difficult environments in both Hong Kong and South Korea. The situation in the Eastern Europe / Middle East / Africa region also remained disparate (+3.7%). Both Russia and the Eastern European markets were driving growth. However, business remained difficult in both the Gulf States and in Turkey due to ongoing political uncertainties.
Please note: HIlt will also publish the detailed 2019 financial figures on March 13, 2020.
2019 sales growth compared to the previous year
2019 in CHF million
2018 in CHF million
|% Change in CHF||% Change in
|Eastern Europe / Middle East / Africa||658||649||1.4||3.7|
The Hilti Group supplies the worldwide construction and energy industries with technologically leading products, systems, software and also services. With more than 29,000 team members in over 120 countries the company stands for direct customer relationships. They also stand for both quality and innovation. Hilti North America has more than 3,600 highly trained account managers, engineers, and employees. Hilti’s expertise covers the areas of powder actuated fastening, drilling and demolition, and also diamond coring and cutting. It also covers measuring, firestopping, screw fastening, adhesive and mechanical anchoring. Additionally, the company focuses on strut and hanger systems, solutions for tool park productivity as well as worker health and safety.