Sika News 2017

▪ Record results for sales, earnings and operating free cash flow
▪ Sales of CHF 5,747.7 million achieved (+5.5% in local currencies)
▪ Net profit increased to CHF 566.6 million (+21.8%)
▪ Growth in all regions
▪ 9 new factories opened, 4 national subsidiaries established, 4 acquisitions
▪ Strategic targets for 2020 raised

▪ 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

Sika has today been informed that Schenker-Winkler Holding AG (SWH) challenges certain decisions of the Annual General Meeting of Sika of April 11, 2017. With its action SWH essentially challenges the re-election to the board of directors of Monika Ribar as well as Paul Hälg, Daniel Sauter, Ulrich Suter and Christoph Tobler as well as the non-election of Jacques Bischoff as a board member.

Sika has appointed Paul Schuler, currently Regional Manager Europe Middle East Africa (EMEA), as Chief Executive Officer as of July 1, 2017. He succeeds Jan Jenisch who has accepted to become the new CEO at LafargeHolcim.

Sika is expanding its presence in West Africa and is establishing a new national subsidiary in Senegal – following those in Nigeria, Ivory Coast and Cameroon. After Ivory Coast, Senegal is the country with the fastest growth in the region. A local production facility for concrete ad-mixtures is already being planned, which will subsequently be expanded to include mortar products. The company has a strong presence in Africa with 19 national subsidiaries and 17 factories.

Sika has relocated its concrete admixture and mortar production in Almaty, in the south of Kazakhstan, to a larger site in the 1.7-million-population city. Aside from the booming Kazakh market, the new plant will also serve the construction sector in the neighboring country of Kyrgyzstan to the south. The country benefits from its strategic location on a key transportation route between Europe and China.

Sika has agreed to acquire certain assets of Grupo Industrial Alce in Mexico. As a result Sika will extend its range of solutions for roofing and waterproofing customers, and further expand its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.

Sika is further expanding its presence in Africa by opening its first facility for concrete admixtures in Cameroon. Following the foundation of the national subsidiary in 2016 to address the developing market potential the latest investment will enhance the local supply chain footprint.

Sika has agreed to acquire Faist ChemTec Group, a leading manufacturer of high-performance engineered, structure-borne acoustic solutions for the automotive industry. Headquartered in Worms, Germany, the company generates annual sales of CHF 190 million and employs 840 people worldwide. The acquisition brings technology and know-how that will accelerate Sika’s growth and drive market penetration via the strong synergies between the two companies. The transaction is subject to clearance by anti-trust authorities.

With the opening of a new facility near Houston, Sika is further expanding its presence in the fast-growing US market. The 16-hectare site will be used for manufacturing a comprehensive portfolio of concrete admixtures and mortar products. The facilities will also serve as a strategic business center which will help tap into the enormous growth potential of the construction market in Texas and the southwestern states of the USA.