Sika generates record sales
Sika closed the 2023 financial year with record sales of CHF 11.24 billion. All market regions and the construction chemicals group MBCC, which was acquired in the previous year, contributed to this growth.
Sika generated record sales of 11.24 billion Swiss francs in the 2023 financial year, the global speciality chemicals company for construction and industry announced in a press release. This corresponds to year-on-year growth of 7.1 per cent. In the press release, Sika emphasises the former construction chemicals business of the BASF Group acquired in the previous year as a growth driver. Due to the successful integration of the MBCC Group, Sika anticipates annual synergy effects totalling 180 to 200 million Swiss francs.
All regions also contributed to the record sales with double-digit growth rates in local currencies. At 15.2 per cent, sales in local currencies grew most strongly in the Asia/Pacific region. In the EMEA and Americas regions, growth rates of 14.8% and 14.9% respectively were realised. The Global Business segment increased its sales in local currencies by 10.0 per cent. Strong devaluations of almost all currencies against the Swiss franc resulted in a negative currency effect of 7.4 per cent.
“Sika has once again demonstrated its resilience over the past twelve months,” said Thomas Hasler, CEO, in the press release. “Thanks to our well-functioning business model, high innovative strength and the great commitment of our 33,000 employees worldwide, we have grown strongly and gained market share even in a challenging year.” Sika will communicate the full report for the financial year 2923 on 16 February.