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Hilti sales outstrip industry growth

Hilti machine

(Keystone Archive)

The speciality construction equipment group, Hilti, saw sales rise by 11 per cent in 2000 to SFr3.1 billion ($2 billion), well above the rate of growth for the building industry as a whole.

The company said on Friday that sales were seven per cent higher than in 1999 after exchange rate adjustments, which compares favourably to an increase in worldwide construction volume of just three per cent.

The group also expects operating and net profit for last year to rise as well.

"On the basis of the provisional results now available, Hilti once again anticipates pleasing growth of the operating result and group net income in the business year 2000," it said in a statement.

The company also explained that the strong sales growth was down to the group's innovative product lines and favourable exchange rate movements, as well as activity in the construction sector which developed positively overall in 2000.

The company will release full financial results on March 2.

swissinfo with agencies


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