Hilti Group Begins Year with Further Growth

Schaan (FL), May 17, 2022 – In the first four months of 2022, the Hilti Group achieved a 5.6 percent sales increase to CHF 2033 million. In local currencies, growth reached 9.0 percent compared to the same period last year.

"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. Against this background, our continued growth is encouraging. However, the first four months have shown that 2022 will be much more challenging than last year," explains CEO Christoph Loos.

The appreciation of the Swiss franc picked up again and led to a negative currency effect on sales of 3.4 percentage points from January to April.

In the Europe business region, the Hilti Group increased sales in local currencies by 8.8
percent with a particularly positive development in Northern and Southern Europe. In the Americas, the increase amounted to 10.9 percent, continuously supported by disproportionate growth in Latin America. Influenced by the COVID-19 restrictions in Asian countries, Asia/Pacific achieved only slight growth (+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 the announced rise in interest rates increases 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.

	1-4/2022 in CHF million	1-4/2021 in CHF million	Change in CHF (%)	Change in local currencies (%)
Europe	1,058	1,022	3.5	8.8
Americas	549	486	13.0	10.9
Asia/Pacific	237	240	-1.3	1.1
Eastern Europe / Middle East / Africa	189	177	6.8	15.4
Hilti Group	2,033	1,925	5.6	9.0

^{The Hilti Group supplies the worldwide construction and energy industries with technologically leading products, systems, software and services. With about 31,000 team members in over 120 countries the company stands for direct customer relationships, quality and innovation. Hilti generated annual sales of nearly CHF 6 billion in 2021. The headquarters of the Hilti Group have been located in Schaan, Liechtenstein, since its founding in 1941. The company is privately owned by the Martin Hilti Family Trust, which ensures its long-term continuity. The Hilti Group’s strategic orientation is based on a caring and performance-oriented culture and the goals of creating enthusiastic customers and building a better future.}