Sika AG: Sales Exceed CHF 6 Billion

Sika said in 2017 it increased sales in local currencies by 8.9 percent to the equivalent of CHF 6.25 billion.
 
During the fourth quarter, the growth in local currencies amounted to 12 percent with 8.5 percent organic growth, according to the company.
 
This was the first time Sika exceeded the CHF 6 billion mark.
 
“As a result, we expect to break new records for both the operating result and net profit,” said CEO Paul Schuler. “With nine new factories, three further national subsidiaries, and seven company takeovers, we have made significant investment in growth markets as well as in growth platforms in the form of product technologies and distribution channels. These 19 strategic investments, our pipeline with innovative quality products and our global presence – we now have 100 national subsidiaries and more than 200 factories – allow us to look toward the future with optimism.”
 
In 2017, sales in the EMEA region (Europe, Middle East, Africa) increased by 7.4 percent in local currencies (previous year: 4.8 percent).
   
The North America region posted a growth of 18.4 percent (previous year: 7.8 percent), of which 8.5 percent was generated through acquisitions.  
 
The Latin America region increased sales by 3.2 percent (previous year: 5.0 percent).
 
 Sales in the Asia/Pacific region rose by 5.2 percent (previous year: 3.6 percent).
 
In “Other Segments and Activities” Sika achieved a sales growth of 13.8 percent (previous year: 11.6 percent).
For the business year 2017, operating profit (EBIT) is expected to reach CHF 880-900 million.
 
In the business year 2018, Sika expects a sales increase of more than 10 percent.