At just under 6 billion Swiss francs, Hilti Group sales in financial year 2021 have risen back to pre-pandemic levels. Operating profit and net income even outstripped the levels recorded in 2019. In a year-on-year comparison, double digit growth was registered for all three key metrics.

According to a press release issued by the Hilti Group, the construction machinery manufacturer headquartered in Schaan generated net sales in financial year 2021 of 5.98 billion Swiss francs overall. As such, sales returned to the level recorded prior to the outbreak of the COVID-19 pandemic, Hilti writes. Overall, sales growth of 12.1 percent year on year was posted.

At 847 million Swiss francs, operating profit was up by 16.3 percent on the prior year. At the same time, net income of 675 million Swiss francs reflects growth of 27.1 percent year on year. This means that the respective corresponding values from 2019 of 783 million and 591 million Swiss francs have been comfortably exceeded.

“The positive development of the worldwide construction industry enabled a faster recovery from the COVID-19-related downturn than expected”, comments Group CEO Christoph Loos, before adding: “It is very pleasing that we were able to increase our profitability despite the globally tense supply situation and further increasing investments in our direct sales, innovation, and digitalization”. In addition, the company benefited from “a stable currency environment”.

In the year under review, Hilti invested 373 million Swiss francs in research and development activities, which equates to 6.2 percent of sales. At the same time, 66 new products and services were launched. The number of employees around the world rose over the course of the year from 29,549 in 2020 to 31,115 members of staff as of year-end 2021.

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