Hilti wants to lead transformation in the construction industry

Schaan, March 2023

Hilti is introducing the new Lead 2030 strategy this year. With this strategy, the globally active tool manufacturer wants to lead the transformation in the construction industry. To this end, it is continuously investing in product innovations. Hilti has already launched a new battery platform in 2022.

Hilti launched its new Lead 2030 strategy at the beginning of 2023, the Schaan-based global tool manufacturing group said in a statement. It is intended to put Hilti in a position to lead the transformation in the construction industry. To this end, the group is continuously investing in product innovations.

In the 2022 financial year, Hilti has already increased spending on research and development by 17.2 per cent year-on-year to CHF 437 million. In the same year, the tool manufacturer also made “the most extensive product launch in the company’s history”, according to the statement. Specifically, the new Nuron battery platform was launched with more than 70 tools.

The higher investments, combined with increased costs and the strong franc, had a negative impact on Hilti’s profits. At 731 million, operating profit in 2022 was 13.7 per cent lower than in the previous year. At the same time, net profit fell by 16.3 percent to CHF 565 million. In contrast, sales generated worldwide increased by 10.0 per cent in local currencies to 6.35 billion Swiss francs.

“2022 was a challenging year, which inevitably left its mark on our profitability,” CEO Jahangir Doongaji is quoted as saying in the statement. “Nevertheless, we achieved our growth target in local currencies and continued to invest massively in the future of our company.”

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