Sika achieves record sales with strong profit margins and growth in key markets

From GlobeNewswire: 2024-07-29 23:00:00

Sika achieves record sales of CHF 5,834.8 million in the first half of 2024, with a 12.8% increase in local currencies and a material margin of 55.1%. EBITDA margin jumps to 18.7% and operating profit hits CHF 1,092.9 million. Successful integration of MBCC and acquisition of Kwik Bond contribute to strong results.

All regions contribute to Sika’s growth, with EMEA seeing a 13.5% sales increase, Americas a 15.1% increase, and Asia/Pacific an 8.0% increase. The acquisition of Kwik Bond and new plant openings in Peru and China further boost company’s position in key markets. Automotive sector experiences slight increase in sales.

Sika expects 6-9% sales growth in local currencies for 2024, along with over-proportional increase in EBITDA. The company’s strong performance, operational efficiency, and global presence position it well for sustainable growth in a recovering economic environment. Sika’s commitment to innovation, sustainability, and quality drives its success in the global market.



Read more at GlobeNewswire:: FURTHER EXPANSION OF MARKET SHARE