Sika presents a strong start to the year
Sika hat den Umsatz im ersten Quartal im Jahresvergleich zweistellig gesteigert. Damit hat die Gruppe für Spezialitätenchemie einen Rekordumsatz von 2,65 Millarden Franken erzielt. Zur guten Entwicklung trug vor allem die Übernahme von MBCC im vergangenen Jahr bei.
Sika generated record sales of almost 2.65 billion Swiss francs in the first quarter of 2024, the globally active speciality chemicals group for construction and industry announced in a press release. This corresponds to year-on-year growth of 13.8 per cent. In local currencies, growth of 20.1 per cent was recorded.
The MBCC acquisition, consolidated from May 2023, was the main contributor to the new sales record, Sika explains. Specifically, the former construction chemicals business of the BASF Group accounted for the lion’s share of sales growth with acquisition effects totalling 19.9 percent. In addition, Sika achieved double-digit sales growth in local currencies in all market regions.
“Sika has made a dynamic start to the new financial year and achieved strong growth in the first quarter”, Group CEO Thomas Hasler is quoted as saying in the press release. According to the company, Sika also continued to grow organically in a declining overall market. “The successful integration of MBCC with its complementary products and markets and its highly motivated employees is generating additional growth and will enable us to further increase our market share,” says Hasler.
For the current business year as a whole, Sika anticipates sales growth of between 6 and 9 per cent in local currencies. The operating result at EBITDA level should increase disproportionately to sales.