Update quantity
Please note, the order volume has been updated. This is due to package and minimum order quantities.
Please note, the order volume has been updated to. This is due to package and minimum order quantities.
Please note, the order volume has been updated. This is due to package and minimum order quantities.
Please note, the order volume has been updated to. This is due to package and minimum order quantities.
Schaan (FL) – In the first eight months of 2022, the Hilti Group increased sales by 6.1 percent to CHF 4108 million. The operating result declined by 36 percent due to global supply chain disruptions, the Russian invasion in Ukraine, negative currency effects as well as significant investments into building up the software business. In addition, the results are impacted by strong negative base effects that will level out until year end.
In local currencies sales increased by 9.1 percent with the strongest contribution coming from the Americas (+15.8%). Europe (+7.5%), Asia/Pacific (+6.7%) and the Eastern Europe / Middle East / Africa region (+3.0%) made disproportionally low contributions to the overall growth over the first eight months of the year.
Christoph Loos
CEO
Going forward, the Hilti Group expects a diminishing growth dynamic in the global construction market owing to continued cost inflation, growing uncertainties around the energy supply, political tensions and rising interest rates.
“We are able to cope with these challenges fairly well due to our healthy financial position and the long-term perspective of our shareholder. This allows us to continue with long-term investments even in demanding times”, closes Christoph Loos.
January-August (in CHF million) |
2022 (1-8) |
2021 (1-8) |
Change (%) |
---|---|---|---|
Net sales |
4,108 |
3,872 |
6.1 |
Operating result |
392 |
613 |
-36.1 |
Net income |
286 |
466 |
-38.6 |
Free cash flow, excluding acquisition1 |
-189 |
226 |
-183.6 |
Return on sales (%) |
9.5 |
15.8 |
-6.3 %-pts |
12.0 |
18.7 |
-6.7 %-pts |
|
Research & development expenditure |
265 |
238 |
11.4 |
Number of employees (as of August 31) |
32,166 |
30,277 |
6.2 |
|
1-8/2022 in CHF million |
1-8/2021 in CHF million |
Change in CHF (%) |
Change in |
---|---|---|---|---|
Europe |
2,047 |
2,020 |
1.3 |
7.5 |
Americas |
1,199 |
1,000 |
19.9 |
15.8 |
Asia/Pacific |
498 |
478 |
4.2 |
6.7 |
Eastern Europe / |
364 |
374 |
-2.7 |
3.0 |
Hilti Group |
4,108 |
3,872 |
6.1 |
9.1 |
January-August (in CHF million) |
2022 (1-8) |
2021 (1-8) |
---|---|---|
Net sales |
4,108.0 |
3,872.4 |
Total operating revenue |
4,223.9 |
3,981.7 |
Operating result |
392.0 |
613.1 |
Other revenue and expenses (net) |
1.3 |
-1.4 |
Finance costs |
-31.6 |
-29.3 |
Net income before tax expense and minority interests |
361.7 |
582.4 |
Income tax expense |
-73.6 |
-116.2 |
Non-controlling interests |
-2.1 |
-0.2 |
Net income |
286.0 |
466.0 |
(in CHF million) |
Aug. 31, 2022 |
Aug. 31, 2021 |
---|---|---|
ASSETS |
||
Non-current assets |
3,779.7 |
3,372.6 |
Current assets |
3,535.1 |
3,836.1 |
Total assets |
7,314.8 |
7,208.7 |
|
|
|
LIABILITIES |
|
|
Equity attributable to equity holders of the parent |
4,186.0 |
3,952.7 |
Non-controlling interests |
12.7 |
8.4 |
Non-current liabilities |
1,520.8 |
1,814.1 |
Current liabilities |
1,595.3 |
1,433.5 |
Total liabilities |
3,116.1 |
3,247.6 |
Total equity and liabilities |
7,314.8 |
7,208.7 |
The Hilti Group supplies the worldwide construction and energy industries with technologically leading products, systems, software and services. With about 32,000 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
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Hilti = registered trademark of Hilti Corporation, 9494 Schaan, Liechtenstein © 2009-2016, Right of technical and programme changes reserved, S.E. & O
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