Sika posts record sales
Sika increased its sales in the first half of 2022 to a record CHF 5.25 billion. The operating profit of the Zug-based building materials group increased disproportionately to CHF 842 million. By the end of the year, sales should grow to more than 10 billion francs.
Sika achieved record sales and profits in the first half of 2022, writes the globally active Zug-based building materials group in a statement . According to her, Sika’s sales increased by 18.0 percent year-on-year to a record CHF 5.25 billion. The operating result at EBIT level rose by 22.7 percent to CHF 841.9 million in the same period. At the same time, the EBIT margin reached the record value of 16.0 percent, explains Sika.
Thomas Hasler is quoted in the statement as saying that the market conditions have also become more demanding for Sika. “Nevertheless, we were able to fully exploit the strengths of our business model and our organization in the last six months and achieve good business results,” said the CEO. Hasler lists such strengths as a high level of diversification, a global purchasing organization and innovative, sustainable and high-quality technologies.
According to the announcement, all regions with double-digit growth rates contributed to the record sales in the reporting period. Growth was strongest in the Americas region at 39.5 percent (35.8 percent in local currencies). The region with the highest sales, EMEA, grew by 7.6 percent (12.9 percent in local currencies) to CHF 2.19 billion. At 13.2 percent in local currencies, business with the automotive industry “grew significantly faster than the market,” writes Sika.
For the year as a whole, the Group has set itself the goal of exceeding 10 billion francs in sales for the first time. The operating result at EBIT level is to be increased disproportionately to sales.