Sika News from 2020

Sika Ireland is proud to have supported the latest refurbishment of the historic ÉIRE 7 sign at Hawk Cliff, Dalkey, helping to preserve an important landmark from Ireland's wartime history.

Ideal for curtain walls, ventilated facades and window installations, SikaMembran guarantees a secure and durable waterproof seal at construction gaps every time.

▪ Sales growth of 2.9% in local currencies to CHF 3,614.6 million (–3.2% in CHF)
▪ High negative currency effect of –6.1% (impact of minus CHF 225 million in sales and CHF 29 million in EBIT)
▪ Maintained high EBITDA margin of over 16% (currency adjusted absolute EBITDA was flat)
▪ Operating profit (EBIT) at CHF 410.2 million (–14.8%)
▪ Increased operating free cash flow amounting to CHF 254.7 million (+41.7%)
▪ Closing of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), and buildup of a new factory in Barranquilla (Colombia)
▪ Outlook for the second half of the year: Sika is expecting more favorable market conditions. With the anticipated improvement in sales volumes, the company expects an over-proportional EBIT increase for the second half of the year
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Sika has acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. The acquisition supplements and rounds off the product portfolio of Sika Egypt and offers new opportunities for growth in the Egyptian construction market. The acquired business generates annual sales of CHF 26 million.

Sika has commenced production of respiratory masks in France. In addition to hand sanitizer, which is being manufactured at over 15 Sika national subsidiaries since March 2020, safety masks are now being produced for employees, customers, and other interested parties. Production capacity stands at around 15,000 masks per day.

Important message regarding Coronavirus (COVID-19) from Sika.

Important message regarding Coronavirus (COVID-19) from Sika.

Sika is the Headline Sponsor of all 12 of the RICS regional awards for the second consecutive time this year, marking 10 continuous years of RICS Awards sponsorship. The sponsorship, led by Sika’s roofing division, also includes the Project of the Year Award across all 12 regions.

Important message regarding Coronavirus (COVID-19) from Sika.

At the 52nd Annual General Meeting of Sika AG on April 21, 2020, all proposals of the Board of Directors were approved.

▪ Sales increase of 15.4% in local currencies to CHF 1,813.6 million (+10.3% in CHF)
▪ Negative currency effect of –5.1%
▪ Acquisition of Adeplast (Romania) concluded, new production facility in Sarnen (Switzerland) comes on stream
▪ Outlook for 2020: forecast for 2020 not yet possible due to ongoing developments related to COVID-19
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Important message regarding Coronavirus (COVID-19) from Sika.

Important message regarding Coronavirus (COVID-19) from Sika.

At its existing site in Sarnen, Switzerland, Sika is putting into operation a new production facility for the SikaProof® structural waterproofing membrane. This investment in expansion will boost manufacturing efficiency and thus enable the company to serve the rapidly growing market. The SikaProof® product family – for which a doubling of sales by 2023 is targeted under Sika's new growth strategy – benefits from the application of an innovative, patented membrane technology.

Sika is pleased to join the ‘Together for Sustainability’ (TfS) initiative as a new member. The organization, founded in 2011, aims to improve sustainability practice within the supply chain of the chemicals industry. Sustainability is a key feature and a central element of Sika’s growth strategy.

Sika is delighted to have presented Action for Children with a cheque for £8,604 at their Welwyn Garden City office on 12th February 2020.

Sika has invested in the production of concrete admixtures, acrylic liquid applied membranes, and mortars in Barranquilla, the fourth-largest city in Colombia, and has relocated and expanded the activities of an existing factory to the new state-of-the-art plant. The factory supplies the attractive Caribbean market and the northern part of Colombia and enables further growth.

▪ Sales growth of 16.3% in local currencies to CHF 8.11 billion (+14.4% in CHF)
▪ Growth in all regions
▪ Organic growth of 3.3%
▪ Growth boosted by acquisitions of Parex, Crevo‐Hengxin, King Packaged Materials, Belineco. Signing of Adeplast.
▪ Opening of seven new factories
▪ Outlook: double‐digit EBIT growth expected for 2019, consistent implementation of Strategy 2023 for sustainable, profitable growth