Sika has reported half-year results which revealed that it had “achieved a new sales record” of CHF 2,994.9m – growth of 8.1%.
Operating profit (EBIT) jumped by 13.7% to CHF 402.1m while net profit rose significantly by 16% to CHF 285.7m.
In the first half of the year, sales in the EMEA region (Europe, Middle East, Africa) increased by 7%. A new factory for concrete admixtures was opened in Tanzania and a further national subsidiary was founded in Senegal. In Kazakhstan, concrete admixture and mortar production in Almaty was relocated to a larger site.
The North America region posted the strongest growth at 17.4% (8.7% was through acquisitions).
In the Latin America region sales increased 2.7% in the first half-year, compared to 5.9% in the corresponding period of the previous year.
Sales in the Asia/Pacific region increased 4.1%.
Sika’s financial statement says that the strong start to the year supports the target for the full year, which “aims at a 6-8% increase in sales to more than CHF 6bn for the first time”.
Chief executive Paul Schuler said: “The positive performance in the first half of 2017, the opening of a further national subsidiary, and the commissioning of three new factories all bring us one step closer to achieving our strategic targets for 2020.”
