Sika posts record sales
Sika increased its sales to a new record of 9.24 billion francs in 2021. Double-digit growth rates were achieved in all market regions. In addition to organic growth, new acquisitions by Sika also contributed to the development.
Sika generated record sales of 9.24 billion Swiss francs in the 2021 financial year, the Zug-based group specializing in specialty chemicals in the construction and automotive industries, which is active around the world, reports in a press release. Compared to the previous year, this corresponds to growth of 17.1 percent in local currencies. Organic growth is put at 15.1 percent year-on-year in the announcement. A number of acquisitions made during the reporting period contributed 2.0 percentage points to sales growth.
"As expected, the challenging year 2021 ended very successfully for Sika", CEO Thomas Hasler is quoted in the announcement. "We benefit from various growth platforms and are excellently positioned to achieve long-term success." Hasler expects government investment programs to further boost sales growth in the future. In addition, the CEO sees an enormous need for sustainable solutions in the construction industry.
In the year under review, Sika sales in the construction industry grew faster than the market, the press release further explains. Sika shows double-digit growth year-on-year in all regions of the world. The strongest growth in sales, at 21.0 percent, was in the Americas region. In the separately reported business with the automotive industry (Global Business segment), Sika returned to the growth zone in the reporting year after a decline in 2020. Specifically, growth of 4.3 percent was achieved in local currencies.
The group plans to communicate its detailed annual report for 2021 on February 18. In doing so, Sika expects to be able to report a disproportionately high increase in the operating result at EBIT level and an EBIT margin of 15 percent.
