Hilti Reports Local-Currency Growth for 2025

Hilti reported growth in local-currency sales for 2025, although the stronger Swiss franc reduced its reported revenue. The construction-equipment group released its annual results on March 13, 2026, recording sales of CHF 6.297 billion, down 2.1% in Swiss francs and up 1.9% in local currencies.

Regional trading varied considerably. Sales in the Americas rose 9.3% in local currencies, with double-digit growth in the United States. Middle East and Africa revenue increased 12.9%. Europe declined 1.9% in a soft construction market, while Asia-Pacific fell 2.1%, reflecting weakness in North Asia.

Operating profit decreased 5.3% to CHF 728 million, and net income fell 8.0% to CHF 516 million. Currency movements affected both measures. Free cash flow nevertheless increased to CHF 545 million from CHF 379 million a year earlier, giving the group a different cash-flow picture from its earnings trend.

Hilti continued investing in its product and service portfolio, launching more than 70 offerings during the year. Research and development spending reached CHF 459 million, or 7.3% of sales. At the time of the release, management expected low-single-digit local-currency sales growth in 2026 and a return on sales similar to 2025.