Sika presents a strong start to the year

Sika closed the first quarter of 2021 with new record sales of almost CHF 2.4 billion. Year-on-year, sales increased at double-digit rates in all regions. The Zug-based building materials group is also expecting a disproportionate increase in the operating result.

Sika closed the first quarter of 2021 with record sales of almost CHF 2.40 billion, the Zug-based building materials group, which operates worldwide, announced in a press release. In a year-on-year comparison, this corresponds to growth of 20.0 percent. In local currencies, growth of 21.9 percent was realized, writes Sika.

All of the Group’s market regions contributed to the good development with double-digit growth rates in local currencies. The strongest growth was realized in the Americas region at 36.2 percent. In the region with the highest sales, EMEA (Europe, Middle East, Africa), sales increased by 18.1 percent to CHF 1.04 billion.

For the year as a whole, Sika is aiming for sales growth of well over 10 percent in local currencies to total sales of more than CHF 10 billion for the first time. The operating result is to be increased disproportionately by at least 15 percent.

Sika sees the construction sector being shaped “by the megatrend of climate change” and the associated shift to sustainable construction. According to its own statements, the group is well positioned here. “With our environmentally friendly and innovative solutions, we are positioning ourselves as a sustainability champion and, together with our customers, are making an important contribution to climate neutrality in the construction and vehicle industries,” said Group CEO Thomas Hasler in the statement. According to the announcement, the takeover of the former construction chemicals business of the BASF Group (MBCC Group), which was launched in November 2021, should also make Sika a “key player for more sustainability”.