Suggested Searches
Date

Date

2024 2023 2022 2021 2020 2019
Topic

Topic

Acquisition Annual Report Financial General Meeting Management New Plant News Nine Months Report Operations Sustainability
Reset
  • 2024
  • Press Release
  • New Plant

In the mix

With the opening of its new manufacturing plant – its first here in Ireland – Sika can finally offer locally-produced admixtures to its loyal customer base.
  • Press Release
  • 2024
  • Financial

Sika successfully places CHF 400 million bond

Sika today successfully placed a bond with a total amount of CHF 400 million through a dual tranche. The payment date of the bonds is May 28, 2024. The bonds were placed under the lead management of BNP Paribas, UBS and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange.
  • 2024
  • Press Release
  • New Plant

Sika opens macrofiber production hub in Peru to meet fast-growing demand in Latin America

Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
  • 2024
  • Financial
  • Press Release

Strong start to the year: record sales and high, double-digit growth in the first quarter

Ad hoc announcement pursuant to Art. 53 LR

▪ High, double-digit growth of +20.1% in local currencies
▪ Q1 sales of CHF 2,648.0 million (+13.8% in CHF)
▪ Acquisition effect of 19.9%
▪ Negative currency effect of –6.3%
▪ Acquisition of Kwik Bond in the USA

Outlook for fiscal 2024 confirmed
▪ Sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

AD HOC
  • Press Release
  • 2024
  • General Meeting

Annual General Meeting approves Board of Directors' Proposals

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 56th Annual General Meeting of Sika AG on March 26, 2024
AD HOC
  • 2024
  • Press Release
  • General Meeting

2024 Annual General Meeting of Sika AG

Ad hoc announcement pursuant to Art. 53 LR

▪ March 26, 2024 confirmed as date for the Annual General Meeting
▪ Except for the resigning Chair of the Board of Directors, Paul Hälg, all current members of the Board of Directors are standing for re-election
▪ The Board of Directors proposes to elect Thierry F.J. Vanlancker as new Chair of the Board of Directors and Thomas Aebischer as new member of the Board of Directors
▪ Gross dividend of CHF 3.30 per share proposed

AD HOC
  • 2024
  • Press Release
  • Annual Report
  • Financial

Record Results for Sales, Cash Flow, and adjusted EBIT

Ad hoc announcement pursuant to Art. 53 LR

Results 2023
▪ Record sales of CHF 11,238.6 million (+7.1%), sales increase in local currencies of +14.5%
▪ Operating profit (EBIT) adjusted for one-time M&A effects increased to CHF 1,680.6 million (+12.7%), resulting in an EBIT margin of 15.0% (previous year: 14.2%)
▪ Operating profit (EBIT) reported at CHF 1,549.1 million (previous year: CHF 1,579.7 million)
▪ Record operating free cash flow up to CHF 1,372.7 million (+58.7%)
▪ Proposal for dividend increase to CHF 3.30 per share (previous year: CHF 3.20)
▪ Successful MBCC integration with synergies in the first 8 months of CHF 41 million
▪ 108 new patents and 188 new inventions registered
▪ Reduction of CO2eq emissions per ton sold by -4.4% (scope 1 and 2)

Outlook for 2024 fiscal year
▪ For the 2024 fiscal year, Sika is expecting sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA expected
AD HOC
  • 2024
  • Press Release
  • Financial

Sika posts record sales of CHF 11.24 Billion in 2023 - Growth of 7.1% in CHF

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts record sales of CHF 11.24 billion in 2023
▪ Revenue growth of +7.1% in CHF (+14.5% in local currencies)
▪ High, negative foreign currency effect of -7.4% due to sharp appreciation of the Swiss franc
▪ Integration of MBCC on track with expected synergies of CHF 180–200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru) as well as a stake in start-up Concria Oy (Finland)
▪ New plants commissioned in Kharagpur (East India) and Chattanooga (Tennessee, USA) and expansion of two factories in Sealy (Texas, USA) and Kirchberg (Switzerland)
▪ Technology Center opened in Suzhou (China)

Outlook for fiscal 2023 confirmed:
▪ Over-proportional increase in EBIT excluding MBCC acquisition
▪ Operating free cash flow of over 10% (as % of net sales)
AD HOC
  • Media Release
  • Financial
  • 2023

Sika Exceeds Sales of CHF 10 Billion for the First Time - Strong Growth of 15.8% in Local Currencies

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts sales of CHF 10.49 billion in 2022
▪ Sales growth of 15.8% in local currencies (+13.4% in CHF)
▪ Further growth platforms secured with acquisitions of Sable Marco (Canada) and UGL (USA)
▪ Closing of MBCC acquisition targeted for first half of 2023
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, USA, and China
▪ Record EBIT and an EBIT margin of 15% anticipated for the 2022 fiscal year
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Financial

Sika Posts Record Sales for 2021 - Growth of 17.1%

▪ Sales increase of 17.1% in local currencies – 2021 sales at CHF 9.24 billion (+17.3% in CHF)
▪ Additional growth platforms created through seven acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Signing of MBCC Group takeover agreement – closing planned for second half of 2022
▪ Expansion of production sites in Stockholm (Sweden) and Doha (Qatar), commissioning of new production sites in Jiaxing City (China) and Pune (India), establishment of a new national subsidiary in Ghana
▪ Over-proportional increase in EBIT and EBIT margin of 15% anticipated for 2021
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Acquisition
  • 2021

Sika to Acquire MBCC Group to Accelerate Its Growth Strategy and Reinforce Its Position as Sustainability Champion in the Global Construction Industry

▪ MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
▪ Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
▪ Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
▪ Acquisition is accretive to Sika’s earnings per share from the first full year post closing
▪ The combined company will drive the sustainability transformation of the construction industry further and faster
▪ Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022
AD HOC
  • Media Release
  • Nine Months Report
  • Financial
  • 2021

Sika on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Acquisition
  • 2021

Sika Acquires Full-Range Waterproofing Expert in China

Sika acquires Shenzhen Landun Holding Co., Ltd., a manufacturer of waterproofing systems in China. The company offers a comprehensive range of waterproofing products and technologies, perfectly complementing Sika’s existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market.
  • Media Release
  • Financial
  • 2021

Sika to Divest European Industrial Coatings Business

Sika has agreed to sell its European industrial coatings business, based in Germany, to The Sherwin-Williams Company, the US-based global leader in paints and coatings. In 2020, the business segment generated sales of approximately CHF 75 million. The transaction is expected to close in the beginning of 2022.
  • Media Release
  • Acquisition
  • 2021

Sika Acquires Leading Building Finishing Mortar Company in Mexico

Sika acquires Bexel Internacional S.A. de C.V., a leading manufacturer of tile adhesives and stuccos in Mexico. The acquisition strengthens Sika’s position in the large, fast-growing Mexican mortar market and significantly extends its manufacturing footprint. In 2020, the acquired company generated sales of CHF 35 million.
  • Media Release
  • Financial
  • 2021

Record Results in First Half of 2021 - Strong Growth in Sales and EBIT

▪ Sales increase of 23.5% in local currencies
▪ First-half sales at CHF 4,448.7 million (+23.1% in CHF)
▪ Operating profit (EBIT) at CHF 685.9 million (+67.2%)
▪ Record EBIT margin at 15.4%
▪ Operating free cash flow increase at CHF 318.4 million (+26.4%)
▪ Acquisition of Kreps (Russia), DriTac (USA), BR Massa (Brazil), and Hamatite (Japan)
▪ Outlook for 2021 fiscal year
▪ Growth in local currencies of 13%–17% (previously: double-digit sales growth in local currencies)
▪ Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Acquisition
  • 2021

Sika Acquires North American Market Leader in Green Roofs

Sika has acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada. Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions. In the fastgrowing green/garden roof segment, Hydrotech is the clear North American market leader. The acquisition strengthens Sika’s roofing and waterproofing portfolio, and complements Sika’s sustainability focus. In 2020, the acquired company generated sales of CHF 83 million.
  • Media Release
  • Sustainability
  • 2021

Sika Develops Low CO2 Emission Admixture Product Range

Sika reinforces its leading position as an enabler of sustainable construction. In cooperation with leading key players, Sika is working on the development of concrete admixtures implementing the LC3 technology that lowers CO2 emissions, developed by the Swiss Federal Institute of Technology Lausanne. This new technology aims to facilitate the production of performant and sustainable cement with less clinker.
  • Media Release
  • Acquisition
  • 2021

Sika Acquires Leading Adhesives and Sealants Business in Japan

Sika has agreed to acquire Hamatite, the adhesives business of The Yokohama Rubber Co., Ltd. Hamatite is a market leader in Japan, offering adhesives and sealants to the automotive and construction industries. The acquisition will significantly strengthen Sika’s market position in Japan, increase market access to all major Japanese OEMs, and notably extend the product offering for sealing and bonding applications in the Japanese construction industry. Headquartered in Tokyo, the business generates annual sales of CHF 160 million. The transaction is subject to clearance by anti-trust authorities.
  • Media Release
  • General Meeting
  • 2021

Annual General Meeting Approves Board of Directors' Proposals

At the 53rd Annual General Meeting of Sika AG on April 20, 2021, all proposals of the Board of Directors were approved.
Loading...