Sika is growing at a double-digit rate
Sika closed the first half of 2021 with record sales of just under CHF 4.5 billion. The Zug-based building materials group had double-digit growth in all regions year-on-year. The operating result rose disproportionately to just under 656 million francs.
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According to a message from Sika , the Zug-based building materials group closed the first half of 2021 with new record values. In concrete terms, sales grew by 23.1 percent to 4.45 billion Swiss francs. The operating result at EBIT level rose by 67.2 percent year-on-year to 685.9 million francs. The EBIT margin reached a new record at 15.4 percent.
"We asserted ourselves again in a market environment that remained challenging and achieved very good business results in the first half of 2021", Thomas Hasler is quoted in the press release. "COVID-19 will continue to challenge us," says the CEO. "But we are well positioned and have proven our resistance to crises under difficult economic conditions and created new growth platforms."
All of Sika's business regions contributed to the positive development in the first half of 2021 with double-digit sales growth rates. In the EMEA region (Europe, Middle East, Africa), a year-on-year increase in sales of 25.2 percent to 2.04 billion Swiss francs was achieved. The Americas region grew by 15.8 percent to 1.10 billion Swiss francs. In the Asia / Pacific region, sales increased by 26.4 percent to 960.8 million francs. Business with the automotive industry (Global Business) grew by 26.4 percent to CHF 351.0 million.
For the year as a whole, Sika expects sales growth of between 13 and 17 percent in local currencies. The operating result is to be increased disproportionately. Sika expects the EBIT margin to be at least 15.0 percent despite rising raw material prices.
