Hilti maintains R&D spend through pandemic

Murray Pollok Managing Editor, IRN & Director of Content, KHL

22 March 2021

Hilti Group reported a 9.6% decline in sales in 2020 to CHF 5.3 billion, with operating profits down 7% at CHF 728 million.

Currency changes added to the decline, with revenues in local currencies down 4.3%. The 5% negative currency effect was the result of depreciating currencies in growth markets and the weaker Euro and US dollar.

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    Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
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