Hilti sees double-digit growth in 2017

By Joe Malone30 January 2018

Hilti Group has announced a 10.8% increase to its full-year revenues for 2017, reaching CHF5.1 billion (€4.4 billion).

127331 hilti

The manufacturer saw growth throughout all its regions, operating in over 120 countries where it employs more than 23,000 people. Europe saw growth of 9.7% year-on-year, while North America increased 8.5%. Latin America was also up, despite a tough economy, with growth of 9.7%. Finally, Asia Pacific rose 5.3%, while the EMEA region rose 17.4%, with Russia leading the way.

CEO Christoph Loos, said, “We owe this milestone to our global team that is working with consistency and dedication to implement the objectives of our corporate strategy.

“Once again, we have launched more than 60 new products, extended our portfolio significantly and strengthened our global sales team.”

Loos added, “With this solid foundation firmly in place, we managed to make even better use of last year’s favourable market conditions. It is our intention to maintain this momentum.”

Latest News
United Q2 revenues on par with pre-pandemic levels
United Rentals increases full-year guidance after announcing Q2 equipment rental revenues of $1.951 billion, up 18.8% year-over-year
Bauer India starts on Teesta VI Hydro Electic project
Foundation and geotechnical works to help generate 500MW of electricity harvested from the natural flow of the Teesta River in India
Meester named president of Genie
Industry veteran’s career includes stints at Eaton, Caterpillar and Sandvik