Hilti maintains R&D spend through pandemic
By Murray Pollok22 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.