From GlobeNewswire:

Sika posts record sales of CHF 11.24 billion in 2023, showing a growth of 7.1% in CHF and 14.5% in local currencies. Despite high inflation and sharp currency depreciation, Sika achieved double-digit growth and market share gains in all regions. The EMEA region saw a 14.8% increase in sales, while the Americas and Asia/Pacific regions each experienced a 14.9% and 15.2% increase, respectively. Sika’s global business segment also showed growth of 10.0%. Outlook for fiscal 2023 is confirmed, with an over-proportional increase in EBIT excluding MBCC acquisition and operating free cash flow expected to exceed 10% of net sales.

Sika’s Strategy 2028 “Beyond the Expected” aims to enable long-term, profitable growth in a challenging economic environment. Sika is well-positioned to benefit from sustainability, urbanization, automation, and digitalization trends. This year, the company expects an over-proportional increase in EBIT excluding the MBCC acquisition, confirming an optimistic outlook. Sika’s full-year results for 2023 will be published on February 16, 2024. The 56th Annual General Meeting is scheduled for March 26, 2024.



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