In Europe, sales increased by 13.8 percent in local currencies. The Mediterranean countries, in particular, experienced a strongly improved environment. The Americas also generated double-digit growth of 10.5 percent, with Latin America posting disproportionately high gains. In Asia/Pacific, sales increased by 8.9 percent. Southeast Asia, in particular, still had to contend with severe COVID-19-related restrictions. The Eastern European countries primarily contributed to the significant increase of 12.3 percent in the Eastern Europe / Middle East / Africa region. Due to ongoing challenges, the Gulf States unsurprisingly fell short of expectations, while Turkey’s currency devaluation had a negative impact.
Despite COVID-19, ongoing challenges in the global supply chain and current political tensions the Hilti Group expects a positive development in the construction industry in 2022 and is once again targeting double-digit sales growth.
Note: The detailed 2021 business result will be published on March 18, 2022.