Sika AG (SIKA.SW)

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215.80

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SIKA CLOSES ACQUISITION OF CHEMA – A HIGH-PERFORMING MORTAR COMPANY IN PERU

SIKA CLOSES ACQUISITION OF CHEMA – A HIGH-PERFORMING MORTAR COMPANY IN PERU Sika has closed the acquisition of Chema, a leading producer of tile setting materials in Peru with operations throughout the whole country. The acquisition strengthens Sika’s position in the fast-growing mortar market and offers significant cross-selling opportunities through increased distribution channel presence and a complementary manufacturing footprint. Founded more than 50 years ago, Chema has a strong presence i

GlobeNewswire last month

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SIKA SETS NEW RECORDS IN SALES AND PROFIT – ORGANIC GROWTH ACCELERATES FURTHER

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules SIKA SETS NEW RECORDS IN SALES AND PROFIT – ORGANIC GROWTH ACCELERATES FURTHER Sales of CHF 8,914.9 million (+5.5% in CHF) after first nine months Sales growth of 9.1% in local currencies (foreign currency effect of -3.6%)Continued steady improvement in organic growth from 0.2% in Q1 to 1.7% in Q3Expansion of material margin to 54.7% (previous year: 53.1%) Operating profit before depreciation and amortization

GlobeNewswire 2 months ago

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Earnings preview of key companies reporting next week and what to look out for.

Yahoo Finance UK 2 months ago

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SIKA CAPITAL MARKETS DAY: UNLOCK GROWTH – DURABILITY AND CIRCULARITY IN CONSTRUCTION AND INDUSTRY

SIKA CAPITAL MARKETS DAY: UNLOCK GROWTH – DURABILITY AND CIRCULARITY IN CONSTRUCTION AND INDUSTRY At this year’s Sika Capital Markets Day, which is being held today in Zurich under the motto “Unlock Growth – Durability and Circularity in Construction and Industry“, Sika’s management outlines key initiatives for future growth. In a presentation to investors, analysts, and media representatives, CEO Thomas Hasler highlights how higher requirements for durability and circularity are changing the in

GlobeNewswire 2 months ago

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SIKA SIGNIFICANTLY EXPANDS ITS MORTAR PRODUCTION IN INDONESIA

SIKA SIGNIFICANTLY EXPANDS ITS MORTAR PRODUCTION IN INDONESIA Sika has more than doubled the production capacity at the Bekasi plant, its biggest manufacturing facility in Indonesia. Located near the capital city Jakarta, this site specializes in the production of mortars such as tiles adhesives, grouts, as well as wall and facade systems. With this expansion and its amplified distribution network, Sika is able to meet the rising demand from infrastructure, residential, and commercial projects i

GlobeNewswire 4 months ago

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SIKA ACQUIRES LEADING CONSTRUCTION CHEMICALS COMPANY IN THE DOMINICAN REPUBLIC

SIKA ACQUIRES LEADING CONSTRUCTION CHEMICALS COMPANY IN THE DOMINICAN REPUBLIC Sika has acquired Vinaldom, S.A.S in the Dominican Republic. For decades, Vinaldom has been successfully serving the local market with high-quality products for concrete construction. The acquisition strengthens Sika’s position in the fast-growing Dominican market and offers significant cross-selling opportunities throughout the Caribbean region. Vinaldom is a family-owned, well-established business serving a strong,

GlobeNewswire 4 months ago

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FURTHER EXPANSION OF MARKET SHARE - SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules FURTHER EXPANSION OF MARKET SHARE - SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the yearSales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%Material margin expands to 55.1% (first half of 2023: 52.7%)EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)Operating profit before depreciation and amortization

GlobeNewswire 4 months ago

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SIKA OPENED NEW STATE-OF-THE-ART PLANT IN NORTHEAST CHINA

SIKA OPENED NEW STATE-OF-THE-ART PLANT IN NORTHEAST CHINA Sika opened a new plant in Liaoning, the largest province in northeastern China. This site will manufacture a full range of products, including mortars, tile adhesives, and waterproofing solutions. This highly efficient new plant enables Sika to meet the market demands, whilst significantly reducing logistical distances. The Liaoning plant will cater to Sika customers in three provinces in northeastern China, with a population of more tha

GlobeNewswire 6 months ago

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SIKA RECEIVED SBTi VALIDATION FOR ITS NET-ZERO TARGETS

SIKA RECEIVED SBTi VALIDATION FOR ITS NET-ZERO TARGETS Sika’s near and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi)1. This important achievement underscores Sika’s commitment to sustainability and its proactive role in decarbonizing the construction and automotive industries. By 2032, Sika is committed to reducing its greenhouse gas (GHG) emissions by 50.4% compared to the 2022 baseline, for scope

GlobeNewswire 6 months ago

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SIKA SUCCESSFULLY PLACES CHF 400 MILLION BOND

SIKA SUCCESSFULLY PLACES CHF 400 MILLION BOND Sika today successfully placed a bond with a total amount of CHF 400 million through a dual tranche. The payment date of the bonds is May 28, 2024. The bonds were placed under the lead management of BNP Paribas, UBS and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange. CHF 200 million bond May 2024 – November 2029 (5.5 years) with a fixed coupon of 1.65% per annum. The bond was issued at 100.042% which reflects a yield of 1.6425%.C

GlobeNewswire 7 months ago

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SIKA OPENS MACROFIBER PRODUCTION HUB IN PERU TO MEET FAST-GROWING DEMAND IN LATIN AMERICA

SIKA OPENS MACROFIBER PRODUCTION HUB IN PERU TO MEET FAST-GROWING DEMAND IN LATIN AMERICA Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects. Synthetic macro fibers are based on an advanced techno

GlobeNewswire 8 months ago

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STRONG START TO THE YEAR: RECORD SALES AND HIGH, DOUBLE-DIGIT GROWTH IN THE FIRST QUARTER

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules STRONG START TO THE YEAR: RECORD SALES AND HIGH, DOUBLE-DIGIT GROWTH IN THE FIRST QUARTER High, double-digit growth of +20.1% in local currencies Q1 sales of CHF 2,648.0 million (+13.8% in CHF)Acquisition effect of 19.9%Negative currency effect of –6.3%Acquisition of Kwik Bond in the USAOutlook for fiscal 2024 confirmed Sales growth in local currencies of 6–9%Over-proportional increase in EBITDAConfirmation o

GlobeNewswire 8 months ago

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SIKA ACQUIRES INFRASTRUCTURE REFURBISHMENT COMPANY IN THE UNITED STATES

SIKA ACQUIRES INFRASTRUCTURE REFURBISHMENT COMPANY IN THE UNITED STATES Sika has acquired Kwik Bond Polymers, LLC (KBP), a manufacturer of polymer systems for the refurbishment of concrete infrastructure. For over 30 years, KBP has focused on the refurbishment of bridge decks and has established an impressive track record in signature projects across the USA. The business perfectly complements Sika’s high value-added systems for refurbishment of concrete structures. KBP has a proven product offe

GlobeNewswire 8 months ago

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ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS' PROPOSALS

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS' PROPOSALS All the Board of Directors's proposals were approved by the shareholders at the 56th Annual General Meeting of Sika AG on March 26, 2024. The Annual General Meeting of Sika AG took place on March 26, 2024 in Baar. The shareholders approved the annual financial statements and the consolidated financial statements for the business year 2023 and voted

GlobeNewswire 9 months ago

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2024 ANNUAL GENERAL MEETING OF SIKA AG

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules 2024 ANNUAL GENERAL MEETING OF SIKA AG March 26, 2024 confirmed as date for the Annual General MeetingExcept for the resigning Chair of the Board of Directors, Paul Hälg, all current members of the Board of Directors are standing for re-electionThe Board of Directors proposes to elect Thierry F.J. Vanlancker as new Chair of the Board of Directors and Thomas Aebischer as new member of the Board of DirectorsGro

GlobeNewswire 10 months ago

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RECORD RESULTS FOR SALES, CASH FLOW, AND ADJUSTED EBIT

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules RECORD RESULTS FOR SALES, CASH FLOW, AND ADJUSTED EBIT Results 2023 Record sales of CHF 11,238.6 million (+7.1%), sales increase in local currencies of +14.5%Operating profit (EBIT) adjusted for one-time M&A effects increased to CHF 1,680.6 million (+12.7%), resulting in an EBIT margin of 15.0% (previous year: 14.2%)Operating profit (EBIT) reported at CHF 1,549.1 million (previous year: CHF 1,579.7 million)Re

GlobeNewswire 10 months ago

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SIKA POSTS RECORD SALES OF CHF 11.24 BILLION IN 2023 - GROWTH OF 7.1% IN CHF

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules SIKA POSTS RECORD SALES OF CHF 11.24 BILLION IN 2023 – GROWTH OF 7.1% IN CHF Sika posts record sales of CHF 11.24 billion in 2023Revenue growth of +7.1% in CHF (+14.5% in local currencies)High, negative foreign currency effect of -7.4% due to sharp appreciation of the Swiss francIntegration of MBCC on track with expected synergies of CHF 180–200 millionAcquisition of Thiessen Team (USA) and Chema (Peru) as we

GlobeNewswire 11 months ago

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Sika AG (SIKA.SW)

SIKA CLOSES ACQUISITION OF CHEMA – A HIGH-PERFORMING MORTAR COMPANY IN PERU

SIKA SETS NEW RECORDS IN SALES AND PROFIT – ORGANIC GROWTH ACCELERATES FURTHER

Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever

SIKA CAPITAL MARKETS DAY: UNLOCK GROWTH – DURABILITY AND CIRCULARITY IN CONSTRUCTION AND INDUSTRY

SIKA SIGNIFICANTLY EXPANDS ITS MORTAR PRODUCTION IN INDONESIA

SIKA ACQUIRES LEADING CONSTRUCTION CHEMICALS COMPANY IN THE DOMINICAN REPUBLIC

FURTHER EXPANSION OF MARKET SHARE - SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR

SIKA OPENED NEW STATE-OF-THE-ART PLANT IN NORTHEAST CHINA

SIKA RECEIVED SBTi VALIDATION FOR ITS NET-ZERO TARGETS

SIKA SUCCESSFULLY PLACES CHF 400 MILLION BOND

SIKA OPENS MACROFIBER PRODUCTION HUB IN PERU TO MEET FAST-GROWING DEMAND IN LATIN AMERICA

STRONG START TO THE YEAR: RECORD SALES AND HIGH, DOUBLE-DIGIT GROWTH IN THE FIRST QUARTER

SIKA ACQUIRES INFRASTRUCTURE REFURBISHMENT COMPANY IN THE UNITED STATES

ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS' PROPOSALS

2024 ANNUAL GENERAL MEETING OF SIKA AG

RECORD RESULTS FOR SALES, CASH FLOW, AND ADJUSTED EBIT

SIKA POSTS RECORD SALES OF CHF 11.24 BILLION IN 2023 - GROWTH OF 7.1% IN CHF