In the first eight months of 2022, Hilti has increased sales by 6 percent year on year to more than 4 billion Swiss francs. However, the operating result and net income were well down on the prior year. This development can be explained by increased costs and investments in the software business.

The Hilti Group generated total sales of 4.11 billion Swiss francs in the first eight months of 2022, further details of which can be found in a press release issued by the global construction machinery manufacturer from Schaan. Year on year, this corresponds to growth of 6.1 percent. The sales growth recorded across all of the Group’s market regions was strongest in the Americas, where sales were up by 15.8 percent in local currencies.

At 392 million Swiss francs, however, the operating result was down by 36.1 percent on the prior-year period. At the same time, net income declined by 38.6 percent to 286 million Swiss francs. In the press release, Hilti puts these developments down to problems in global supply chain, the war in Ukraine, negative currency effects and investments made by Hilti in developing the software business.

“We are making massive efforts to limit our margin decline caused by the tremendous cost increases in our supply chain while staying the course with strong strategic investments, especially into our software business”, comments Christoph Loos in the press release. However, the CEO of Hilti is anticipating growth of more than 10 percent in local currencies, while limiting the profit decline to less than 15 percent. In this context, Loos is banking on the fact that sales were postponed to the last quarter due to the launch of the new Nuron battery platform in Europe. If the targeted improvement in financial results were to materialize, Loos explains that this would match the “pre-Corona 2019 profit level before software investments”.

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