Sika grows profitably
Sika hat im Geschäftsjahr 2023 Rekordwerte für Umsatz, Geldfluss und bereinigtes Betriebsergebnis geschrieben. Mit ihrer Strategie 2028 hat die Gruppe für Spezialitätenchemie gleichzeitig die Weichen für profitables zukünftiges Wachstum gestellt.
Sika closed the 2023 financial year with record figures for sales, operating free cash flow and adjusted operating profit, the globally active speciality chemicals group for construction and industry announced in a press release. Specifically, sales increased by 7.1 per cent year-on-year to 11.24 billion Swiss francs. Adjusted for one-off acquisition effects, the operating result at EBIT level rose by 12.7 per cent to CHF 1.68 billion. Operating free cash flow improved by 58.7 per cent to CHF 1.37 billion.
“We are proud of the fact that, in addition to finalising the MBCC acquisition, we also mastered the challenges of a demanding macroeconomic and geopolitical environment well in the past financial year,” Thomas Hasler is quoted as saying in the press release. The Sika CEO also anticipates challenging market conditions for the current year. “However, we are seeing good momentum in all regions for major construction and infrastructure projects that are either in the planning phase or about to be realised.” Hasler expects Sika to benefit here.
In the year under review, the Group also adopted its new Strategy 2028 entitled Beyond the Expected. According to this strategy, Sika’s innovative strength and market position are to be used to generate profitable annual sales growth of 6 to 9 per cent in local currencies. The strategy, which is based on the pillars of market penetration, innovation & sustainability, acquisitions and people & culture, represents “a balanced combination of financial and non-financial targets”, writes Sika.