• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Mixing Equipment Directory

    The Wood Coatings Market

    Antimicrobial Coatings Market

    Additives Update

    Pigment Supplier Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Nippon Paint Marine Wins Korea Export Award

    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst

    ECOS Paints Launches Lisa Tharp Colors

    OQ Chemicals Increases Carboxylic Acids, Esters Prices
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Nippon Paint Marine Wins Korea Export Award

    ECOS Paints Launches Lisa Tharp Colors

    BYK-Gardner Launches VMA-Getzmann TORUSMILL

    Sensory Analytics Announces Issuance of Broad New Patent Covering Coating Thickness Measurement

    Union Process Develops Attritor for Inks, Coatings Supplier
    Additives
    Binders
    Pigments
    Solvents

    OQ Chemicals Increases Carboxylic Acids, Esters Prices

    Arkema Reports Full-year 2020 Results

    New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site

    Emerald Kalama Chemical Acquired by LANXESS

    Raw Material Suppliers, Distributors Part of Recent M&A Activity
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Pilot Chemical Company

    Shepherd Color Company, The

    Eagle Specialty Products

    Keim Additec Surface USA LLC

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Active Minerals

    Pilot Chemical Company

    Eagle Specialty Products
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Sika Releases Half Year Report

    ...

    Sika Releases Half Year Report
    Related CONTENT
    • Asian Paints Announces Q3 FY2020-21 Results
    • Asian Paints Announces Q2 FY2020-21 Results
    • Sika Invests in Membrane Production in Russia
    • Sika Announces New Regional Manager for EMEA, Member of Group Management
    • Sika Opens New Production Facility in Tanzania
    07.27.17
    • Sales growth of 8.1% (6.7% in CHF) to CHF 2,994.9 million
    • Growth in all regions
    • Net profit up 16.0% to CHF 285.7 million
    • Continuation of the growth strategy with the foundation of a new national subsidiary, opening of three new factories, acquisition of Bitbau Dörr in Austria
    • Confirmation of annual targets of 6-8% sales growth and disproportionately high growth in profitability

    With sales growth of 8.1% in local currency, Sika continues its successful growth trajectory in the first half of 2017 and achieves a new sales record of CHF 2,994.9 million. Targeted investments in new products, national subsidiaries and factories as part of Sika's growth strategy provided growth stimuli. In the first half of the year, the negative currency effect (-1.4%) reduced sales growth in Swiss francs to 6.7%.

    NET PROFIT UP 16.0%
    The positive development of the last six years continued unabated in the first half of 2017. Volume growth together with disproportionately low cost development and price adjustments resulted in a further improvement in margins, which helped to offset slightly negative currency effects and rising commodity prices. As a result, operating profit and net profit posted new record values in the first half of the year. Operating profit (EBIT) improved by 13.7% (+ CHF 48.4 million) to CHF 402.1 million (previous year: CHF 353.7 million). Net profit rose significantly by 16.0% (+ CHF 39.4 million) to CHF 285.7 million (previous year: CHF 246.3 million.).

    Paul Schuler, CEO: "With a clear sales increase of 8.1% and a surge in net profit of 16.0%, we are continuing to consistently and successfully deliver our growth strategy. We posted double-digit growth rates in Eastern Europe, Africa, North America, Argentina, the Pacific area and in our automotive business, and we have clearly grown much faster than the market in a number of countries. The positive performance in the first half of 2017, the opening of a further national subsidiary, and the commissioning of three new factories all bring us one step closer to achieving our strategic targets for 2020. Sika's success is based on team effort. Thanks to the commitment of our employees and the strength of our growth model, we can look forward to the further business performance in the second half of 2017."

    GROWTH IN ALL REGIONS
    In the first half of the year, sales in the EMEA region (Europe, Middle East, Africa) increased by 7.0% (previous year: 6.6%). The core markets Germany, France, Switzerland, Italy and the UK achieved solid growth rates. Eastern Europe and Africa posted double-digit growth. Bitbau Dörr, a leading manufacturer of waterproofing systems, was acquired in Austria. Furthermore, a new factory for concrete admixtures was opened in Tanzania and a further national subsidiary was founded in Senegal. In Kazakhstan, concrete admixture and mortar production in Almaty was relocated to a larger site.

    At 17.4%, it was the North America region that posted the strongest growth (previous year: 12.7%), of which 8.7% was through acquisitions. Sika boosted its business volume significantly in the USA achieving strong double-digit growth of around 20%, thus growing much more quickly than the North American construction market. Targeted investments that have been made in North America over the last few years contributed substantially to this positive business performance. These include the investment in sales force, the acquisition of companies and the expansion of the supply chain with new factories close to fast-growing metropolitan areas.

    In the Latin America region sales increased by 2.7% in the first half-year, compared to 5.9% in the corresponding period of the previous year. In particular, the large countries in the region, including Mexico and Argentina, produced above-average performance. In Brazil, the effects of the difficult economic and political situation continued to have a restrictive impact on business. Furthermore, construction activity in the raw material-based countries in the region has been subdued. In the southeast of Mexico, a new factory for mortar products came into operation.

    Sales in the Asia/Pacific region increased by 4.1% (previous year: 4.6%). The markets in Southeast Asia, with the exception of Indonesia and Singapore, achieved high growth rates. In Singapore, investment in state-funded residential construction projects remained at a low level, while in Indonesia investments in infrastructure fell. In China, the construction industry continued to stabilize in the first half of 2017, enabling Sika to achieve high single-digit growth.

    OUTLOOK 2017
    The strategic targets 2020 were successfully pursued in the first half of 2017, with new record results achieved. The strong start to the year supports the target for the full year, which aims at a 6-8% increase in sales to more than CHF 6 billion for the first time. Volatile and rising commodity prices present a challenge in the current year. EBIT and net profit are once again expected to increase at disproportionately high rates. The successful growth strategy with the new targets for 2020 will continue in 2017. The unknown outcome of Saint-Gobain's hostile takeover attempt remains an element of uncertainty for the future.
    Related Searches
    • Adhesives and Sealants
    • china
    Related Knowledge Center
    • Adhesives and Sealants
    Suggested For You
    Asian Paints Announces Q3 FY2020-21 Results Asian Paints Announces Q3 FY2020-21 Results
    Asian Paints Announces Q2 FY2020-21 Results Asian Paints Announces Q2 FY2020-21 Results
    Sika Invests in Membrane Production in Russia Sika Invests in Membrane Production in Russia
    Sika Announces New Regional Manager for EMEA, Member of Group Management Sika Announces New Regional Manager for EMEA, Member of Group Management
    Sika Opens New Production Facility in Tanzania Sika Opens New Production Facility in Tanzania
    Paul Schuler Succeeds Jan Jenisch as CEO Sika Paul Schuler Succeeds Jan Jenisch as CEO Sika
    Sika AG Makes Investment in Larger Production Site in Kazakhstan Sika AG Makes Investment in Larger Production Site in Kazakhstan
    Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA
    Sika Establishes 98th National Subsidary in Senegal Sika Establishes 98th National Subsidary in Senegal
    Sika AG: Strong Start to the Year with 10.7% Sales Growth in the First Quarter of 2017 Sika AG: Strong Start to the Year with 10.7% Sales Growth in the First Quarter of 2017
    Sika Expands Production in Mexico Sika Expands Production in Mexico
    Boost of East African Market as Kansai, Sika Expand Footprint Boost of East African Market as Kansai, Sika Expand Footprint
    Sika Achieves Record Results in 2016, Strategic Targets Raised Sika Achieves Record Results in 2016, Strategic Targets Raised
    Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016 Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016
    Sika Announces Appointment of Mark Daniels to VP, Transportation A/C Sika Announces Appointment of Mark Daniels to VP, Transportation A/C

    Related Breaking News

    • Additives | Adhesives and Sealants | Breaking News
      Clariant Earns Henkel, ICIS Awards

      Clariant Earns Henkel, ICIS Awards

      Henkel Adhesive Technologies presented Clariant its Sustainability Award 2020; won in 2 categories at ICIS Innovation Awards.
      Coatings World staff 11.23.20

    • Adhesives and Sealants | Breaking News
      Arkema Acquiring Fixatti

      Arkema Acquiring Fixatti

      ...
      Coatings World staff 07.20.20

    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      PPG, DOE Partner to Speed Development, Testing of Adhesives for Lightweight Vehicles

      PPG, DOE Partner to Speed Development, Testing of Adhesives for Lightweight Vehicles

      PPG will provide $60,000 for the project in the form of technical activities at the company’s Global Coatings Innovation Center in Allison Park, PA.
      09.05.19


    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      Tremco Acquires Schul, WIllseal

      Tremco Acquires Schul, WIllseal

      ...
      07.09.19

    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      Henkel Adhesive Technologies Opens New OEM Application Center

      Henkel Adhesive Technologies Opens New OEM Application Center

      ...
      04.03.19

    • Adhesives and Sealants | Breaking News | Product news
      Tnemec Introduces Self-adhesive Insulating Tape

      Tnemec Introduces Self-adhesive Insulating Tape

      For controlling condensation and providing thermal efficiency on architectural, industrial, water and wastewater applications.
      03.13.19


    • Adhesives and Sealants | Breaking News | Corrosion Control | People in the News
      Sauereisen Promotes Mark Golla to VP–Sales

      Sauereisen Promotes Mark Golla to VP–Sales

      ...
      01.03.19

    • Adhesives and Sealants | Breaking News
      Meridian Acquires Evans Adhesive

      Meridian Acquires Evans Adhesive

      ...
      12.11.18

    • Adhesives and Sealants | Breaking News
      AkzoNobel Industrial Coatings Develops intelliCURE for Wood Adhesives

      AkzoNobel Industrial Coatings Develops intelliCURE for Wood Adhesives

      ...
      09.26.18


    • Additives | Adhesives and Sealants | Breaking News | Industry News
      WACKER Opens New Laboratory for Adhesives and Sealants in the Moscow Technical Center

      WACKER Opens New Laboratory for Adhesives and Sealants in the Moscow Technical Center

      ...
      03.16.18

    • Adhesives and Sealants | Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      PPG Earns R&D 100 Awards for Paints, Coatings, Adhesives Technologies

      PPG Earns R&D 100 Awards for Paints, Coatings, Adhesives Technologies

      These technologies are for the automotive and building construction industries.
      11.21.17

    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      H.B. Fuller Finalizes $1.57B Acquisition of Royal Adhesives & Sealants

      H.B. Fuller Finalizes $1.57B Acquisition of Royal Adhesives & Sealants

      ...
      10.23.17


    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      PPG Announces Global Partnership with Renault-Nissan Alliance

      PPG Announces Global Partnership with Renault-Nissan Alliance

      ...
      10.10.17

    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      SIKA Acquires Turkish Sealant, Adhesive Manufacturer

      SIKA Acquires Turkish Sealant, Adhesive Manufacturer

      ABC Sealants is based in Istanbul.
      08.24.17

    • Adhesives and Sealants | Breaking News | Paint & Coatings Manufacturer News
      H.B. Fuller to Purchase Adecol

      H.B. Fuller to Purchase Adecol

      ...
      07.18.17

    Trending
    • Hempel Announces Global Price Increase
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • Hempel Acquiring Wattyl Australia, New Zealand
    • ChemQuest Hires Rich Gibson
    • Tennant Company Completes Sale Of Coatings Business To Sherwin-Williams
    Breaking News
    • Nippon Paint Marine Wins Korea Export Award
    • ECOS Paints Launches Lisa Tharp Colors
    • PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    • Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    • OQ Chemicals Increases Carboxylic Acids, Esters Prices
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Mixing Equipment Directory
    • The Wood Coatings Market
    • Antimicrobial Coatings Market
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Preliminary Study Links Markers of Impaired Bone Health to Vegan Diet
    Refined Grains Linked to Heart Attack Risk, Early Death
    Kappa Bioscience Extends Research Partnership For COVID-19 Research
    Coatings World

    Latest Breaking News From Coatings World

    Nippon Paint Marine Wins Korea Export Award
    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    January AI Raises $8.8 Million in New Funding
    FDA Clears Ava Fertility Tracking Wearable Device
    First Patient in Europe Treated With Diamondback 360 Coronary Orbital Atherectomy System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Spark Therapeutics Appoints CTO
    Cryoport Launches ESG Program
    U.S. Govt. Purchases 100k Doses of Lilly's COVID-19 Antibody Cocktail
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Top Beauty Products of 2021, According to HelloGiggles
    Estée Lauder Taps Ana de Armas as Global Brand Ambassador
    Sephora Announces Significant Expansion
    Happi

    Latest Breaking News From Happi

    Cosmetic Chemical Sales To Post CAGR 5.8% To 2025
    ACI Urges Senate to Approve Regan as EPA Administrator
    Estée Lauder Signs Actress Ana de Armas
    Ink World

    Latest Breaking News From Ink World

    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    FTA converts Forum & INFOFLEX to virtual events
    Xeikon launches two new digital label printing presses
    UFlex adds capacity in packaging films
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Texas Medical Technology Partners with My Protect Kit
    Mexico City Single-Use Plastics Ban Leads to Tampon Shortage
    Believe Diapers Launch in U.S.
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    First Implantation of CTL Amedica's Minimally Invasive Flex Tower
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login