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    SIKA   CH0418792922

SIKA AG

(SIKA)
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Sika : Integration Newsletter

08/24/2021 | 06:54pm EDT
Dear Friends,

I would like to congratulate everyone involved in the successful integration of Parex. After we closed the acquisition in May 2019, the integration is now officially completed. There are 23 countries with fully integrated teams that are working together to achieve great results.


We have exceeded our synergy guidance and delivered CHF 55 million annual synergies in 2020. The integration of nine brands is completed and 22 brands are with dual branding in the brand transitioning process and will be fully integrated in two to four years. We are preparing for further acquisitions and our teams are ready for the next major acquisition.


With Parex we have proved that we can do a fantastic job - let's do it again!

Paul Schuler

CEO

Disclaimer

Sika AG published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 22:53:07 UTC.


© Publicnow 2021
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Sales 2021 9 167 M 10 005 M 10 005 M
Net income 2021 1 056 M 1 153 M 1 153 M
Net Debt 2021 2 441 M 2 665 M 2 665 M
P/E ratio 2021 45,6x
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EV / Sales 2021 5,12x
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Free-Float 94,5%
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Mean consensus BUY
Number of Analysts 19
Last Close Price 314,00 CHF
Average target price 357,48 CHF
Spread / Average Target 13,8%
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Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hälg Chairman
Frank Höfflin Chief Technology Officer
Raffaella Marzi Head-Human Resources & Compliance
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