News 

The Hilti Group closed the 2015 financial year with sales growth of +5.8 percent in local currencies. Despite the strong Swiss franc, operating result, return on sales and return on capital employed (ROCE) were up again over the record figures of the previous year.

Business was particularly vibrant in North America where double-digit growth resulted in sales exceeding the USD 1 billion mark for the first time in the company’s history. In Europe, business stabilized further and not only the markets in Northern Europe continued to show high growth, but also Central, Western and Southern Europe performed well across the board. On the other hand, many emerging countries were faced with a challenging environment caused by investment freezes due to the low oil price along with other economic and geopolitical tensions. As expected, the massive appreciation of the Swiss franc had a negative impact on overall sales and turned the positive growth of +5.8 percent in local currencies into a slightly negative sales curve of -2.5 percent to CHF 4,384 million (previous year: CHF 4,497 million).

Despite strong exchange rate pressure and continued high investments, the operating result grew yet again from CHF 537 million to CHF 547 million (+2%). As a result, return on sales (ROS) was up from 11.9 to 12.5 percent. Due to higher tax expenses, net income was slightly below previous year at CHF 410 million (-4%). Free cash flow stabilized at a high level of CHF 335 million (previous year: 383 million). With a rise from 16.8 to 19.0 percent, return on capital employed (ROCE) was another key metric that showed improvement over 2014.