Tuesday, October 4, 2022

Hilti feels a sharp rise in costs

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construction industry

Hilti after eight months with a sharp drop in profit

The construction equipment manufacturer Hilti had to accept a significant drop in profits in the first eight months of 2022. Although sales increased, the challenging environment left its mark on profits.

From January to the end of August, Hilti increased sales by 6.1 percent to CHF 4.11 billion compared to the previous year, the manufacturer of the famous red drill said in a communiqué on Friday. Adjusted for currency effects, the group even grew by 9.1 percent.

Hilti grew particularly strongly in America, where sales increased by 15.8 percent. Europe (+7.5%), Asia/Pacific (+6.7%) and the region of Eastern Europe / Middle East / Africa (+3.0%) made underproportional contributions to the Group’s growth.

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