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Friday, 14 December 2018
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Markets & companies, Raw materials market

Sika expects record figure for the financial year 2017

Thursday, 11 January 2018

Sika proved its ability to generate strong growth once again in 2017, increasing sales in local currencies by 8.9% to the equivalent of CHF 6.25 billion.

Sika Flags at the EGM 2015 in Baar, Switzerland. Source: Sika

Sika Flags at the EGM 2015 in Baar, Switzerland. Source: Sika

Development in the fourth quarter was particularly dynamic, with growth in local currencies amounting to 12.0% and organic growth coming in at 8.5%. The positive development of business in all regions, together with investments in new factories, the founding of further national subsidiaries and the market launch of new products all contributed to Sika’s strong growth. A record net profit figure is expected for the 2017 financial year.

Sika's investments pay

Paul Schuler, CEO: "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 the business year 2018, Sika expects a sales increase of more than 10%. Volatile and rising commodity prices will continue to present a challenge in the current year. In China, for example, access to raw materials has been impaired by environmental constraints introduced by the government. Operating profit (EBIT) should enjoy a disproportionate high rise in 2018.

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