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    SIKA   CH0418792922

SIKA AG

(SIKA)
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Delayed Swiss Exchange  -  11:30 2022-06-24 am EDT
227.30 CHF   +3.08%
06/23SIKA MATERIALITY ANALYSIS 2022 : Results now published
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06/23SIKA MATERIALITY ANALYSIS 2022 : Summary Report
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06/08Goldman Sachs Lowers Price Target on Sika, Maintains Buy Recommendation
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Sika Doubles Production Capacity With New Bolivia Plant

05/18/2022 | 05:09am EDT

By Pierre Bertrand


Sika AG on Wednesday said that it has opened its new mortar and concrete admixtures plant in Bolivia's largest industrial park on the outskirts of Santa Cruz de la Sierra.

The plant, which replaces an existing facility, will double its production capacity and include space for future expansion, the Swiss specialty chemicals company said.

Sika also said it has expanded its warehousing space and administrative premises, and created a customer-training center.

Sika expects the Bolivian construction market to grow 9.5% in 2022 and exceed 4% annual growth through 2026, as the country industrializes and benefits from investments in infrastructure, energy and industrial projects.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

05-18-22 0508ET

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Analyst Recommendations on SIKA AG
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Financials
Sales 2022 10 478 M 10 976 M 10 976 M
Net income 2022 1 244 M 1 303 M 1 303 M
Net Debt 2022 2 905 M 3 043 M 3 043 M
P/E ratio 2022 28,0x
Yield 2022 1,50%
Capitalization 34 937 M 36 596 M 36 596 M
EV / Sales 2022 3,61x
EV / Sales 2023 3,13x
Nbr of Employees 26 666
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 227,30 CHF
Average target price 384,32 CHF
Spread / Average Target 69,1%
EPS Revisions
Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hälg Chairman
Raffaella Marzi Head-Human Resources & Compliance
Daniel J. Sauter Independent Director
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