Record sales of Swiss multinational speciality chemicals group
At CHF 11.76 billion, Sika exceeded its record sales of 2023 by 4.7 per cent in the 2024 financial year. All market regions, synergies from the integration of the construction chemicals group MBCC and regional acquisitions contributed to this growth.
Sika set a new sales record in the 2024 financial year. At 11.76 billion Swiss francs, the record result of 2023 was exceeded by 4.7 percent, the global speciality chemicals company for construction and industry announced in a press release. Increased synergies from the integration of the construction chemicals business MBCC acquired in 2022 and local acquisitions of Kwik Bond in the USA, Vinaldom in the Dominican Republic and Chema in Peru contributed to the sales growth. Organic sales growth amounted to 1.1 per cent.
In addition to the acquisitions, all regions contributed to the record sales. At 11.2 per cent in local currencies, sales growth was strongest in the Americas region. In the EMEA and Asia/Pacific regions, growth rates of 7.3 and 2.4 percent respectively were realised in local currencies.
“Over the past twelve months, Sika has successfully held its own in a market environment that remains very challenging and achieved a new sales record,” said Thomas Hasler, CEO, in the press release. “Our growth initiatives, our powerful and sustainable innovations and our consistent sales strategy for further market penetration are successful and impressively demonstrate that we are gaining further market share.” Sika will communicate its full Annual Report 2024 on 21 February. The Group expects operating profit at EBITDA level to increase at a faster rate than sales.