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F 8.3%. Processed
and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
* 6.2% local currency sales growth in 2015
* Growth in all regions
* Nine new factories and three national subsidiaries opened
* Above-average increase in the operating result expected for full year
* Strategic targets raised

Sika achieved accelerated sales growth of 8.3% in the fourth quarter of 2015,
while total sales for the year rose 6.2% in local currencies. All regions
contributed to the broad-based growth, as did investments in new factories
and national subsidiaries. An above-average increase in the operating result
is expected for business year 2015. Since the targets set out in Strategy
2018 have been reached ahead of schedule, they are revised upwards. The
strong performance underscores the necessity of safeguarding Sika's model for
success in the interests of all stakeholders.

All regions achieved significant sales growth and market share gains during
business year 2015, with double-digit sales growth in the core markets of the
USA, Mexico, Africa, Middle East, Southeast Asia and the Pacific. Group sales
were up 6.2% at constant exchange rates. Excluding the negative growth in the
Chinese market, sales rose by 7.4%. The strength of the franc led to
conversion effects of -7.7%, and thus to a marginal -1.5% decline in sales in
Swiss franc terms to CHF 5.49 billion.

Jan Jenisch, CEO: "We are delighted that our growth strategy continues to be
successful despite the deteriorating market conditions worldwide. Our thanks
go to the 17,000 employees whose competence and commitment have brought us
another record result. We continued to systematically implement our expansion
strategy throughout the last business year by investing in nine new factories
and three new national subsidiaries, which will provide growth stimuli in the
future. We expect an above-average increase in the operating result and an
EBIT margin of 11.5-12.0% for full-year 2015."


In the past business year, the region EMEA (Europe, Middle East, Africa)
increased sales by 5.6%, benefiting from the good business performance in
Eastern Europe, Africa and the Middle East. Sales in Western Europe even
slightly exceeded the strong previous year's result.

The greatest sales growth was achieved in the region Latin America. Despite
the challenging market environment in Brazil, market share gains in other
countries resulted in sales rising by 9.5%. North America sustained its high
growth dynamic and achieved a sales increase of 8.4%. In the USA, continuing
development of the market and the healthy construction sector led to
significantly higher volumes, as investments in infrastructure and commercial
properties increased.

Growth in the region Asia/Pacific slowed to 2.1% owing to the declining market
trend in China. On the other hand, double-digit sales increases were achieved
in Southeast Asia and the Pacific.


Sika's accelerated growth in the emerging markets continued to generate very
good results, with sales rising by 7.9%. The high-margin mortar business - a
core component of Sika's Strategy 2018 - exhibited an above-average
performance, with sales growth of 12.9%. Sika further expanded its
fast-growing mortar business in the past year by opening five new factories
and completing three acquisitions.


Targeted development of growth markets continued in 2015, with new factories
being opened in all regions. In the region EMEA, the expansion of production
capacities in the form of new factories in Dubai, Nigeria, Ivory Coast,
Russia and La Réunion, will provide additional future growth stimuli in the
region. Furthermore, Sika established new national subsidiaries in Tanzania
and Ethiopia. In the region Latin America, new factories were opened in
Paraguay and Argentina, while in North America, Sika expanded its production
capacities by adding a new facility in Philadelphia. In the region
Asia/Pacific, Sika's first factory in Sri Lanka was opened, while a new
national subsidiary was established in Myanmar.


Since the targets for Strategy 2018 have been reached ahead of schedule, the
Board of Directors has decided to raise them. Sika is now aiming for an EBIT
margin of 12-14% (previously>10%) and an operating free cash flow in excess
of>8% (previously>6%). The company is also aiming to increase its return on
capital employed to 25% (previously>20%) by 2018.


The strong performance once again underscores the necessity to safeguard
Sika's successful business model in the interests of all stakeholders. Along
with its public shareholders, Sika's Board of Directors, Group Management,
160 senior managers and employee representatives remain opposed to
Saint-Gobain's hostile takeover bid, which they believe would fundamentally
jeopardize the Sika success story. There is still no evidence to suggest that
there is any industrial logic behind the transaction. Saint-Gobain wants to
control Sika - as a competitor - by holding just 16% of its capital. This
results in conflicts of interest. Since the plan entails Saint-Gobain having
a majority on Sika's Board of Directors, the interests of the public
shareholders would no longer be adequately represented. The Board of
Directors and Group Management will therefore continue to act in the
interests of Sika and its stakeholders with the aim of guaranteeing the
unimpeded continuation of Sika's successful growth strategy.


Dominik Slappnig
Corporate Communications&
Investor Relations
+41 58 436 68 21


Sika is a specialty chemicals company with a leading position in the
development and production of systems and products for bonding, sealing,
damping, reinforcing and protecting in the building sector and the motor
vehicle industry. Sika has subsidiaries in 93 countries around the world and
manufactures in over 170 factories. Its approximately 17,000 employees
generated annual sales of CHF 5.49 billion in 2015.

The media release can be downloaded from the following link:

Media Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sika AG via Globenewswire


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