2023 Hilti Financial ReportThe report provides an overview of Hilti's financial performance for the year 2023, featuring insights into financial growth and industry challenges. Table of ContentsGroup at a GlanceKey Financial InformationSales Development Across RegionsInformation on Financing and CapitalOutlookConsolidated Management ReportGroup Financial StatementsConsolidated Income StatementConsolidated Statement of Comprehensive IncomeConsolidated Balance SheetConsolidated Statement of Changes in EquityConsolidated Cash Flow StatementNotes to the Consolidated Financial Statements1 Basis of preparation1.1 General information1.2 Basis of accounting1.3 Critical accounting estimates and judgments1.4 Changes in accounting policies and estimates1.5 New standards, amendments and interpretations not yet adopted by theGroup1.6 Method of consolidation1.7 Foreign currency translation2 Operating performance2.1 Operating income2.2 Operating segments2.3 Operating expenses3 Personnel expenses3.1 Personnel expenses3.2 Employee benefits4 Tangible and intangible assets4.1 Property, plant and equipment4.2 Leases4.3 Intangible assets5 Financing and capital5.1 Financial assets5.2 Financial liabilities5.3 Net debt reconciliation5.4 Derivative financial instruments5.5 Financial result5.6 Equity6 Net working capital6.1 Inventories6.2 Trade receivables6.3 Cash and cash equivalents6.4 Trade and other payables6.5 Accrued income and prepaid expenses6.6 Accrued expenses7 Other assets and liabilities7.1 Other assets7.2 Other liabilities8 Other disclosures8.1 Financial risk management8.2 Income taxes8.3 Business combinations8.4 Related parties8.5 Other informationFinancial Statements Hilti CorporationBalance SheetIncome StatementNotes to the Financial Statements Hilti CorporationCorporate GovernanceInvestor Information