RECORD RESULTS IN FIRST HALF OF 2021 STRONG GROWTH IN SALES AND EBIT
SIKA COMPANY PRESENTATION
JULY 22, 2021
1. HALF-YEAR RESULTS 2021
RECORD RESULTS IN THE FIRST HALF OF 2021
GROWTH IN LOCAL CURRENCIES OF 23.5% - EBIT-GROWTH OF 67.2%
Sales and profit
Sales growth of 23.5% in local currencies. Record sales of CHF 4,448.7 million (+23.1% in CHF).
Record operating profit (EBIT) at CHF 685.9 million (+67.2%)
Record EBIT-margin at 15.4%
Record operating free cash flow amounting to CHF 318.4 million (+26.4%)
Key investments
Four acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan, closing in Q4 2021)
Investments in two factories: expansion of additive production for shotcrete in Sweden, expansion of concrete admixture production and launch of epoxy resin production in Qatar
Outlook and strategy
Growth in local currencies of 13%-17% (previously: double-digit sales growth in local currencies)
Over-proportionalincrease in EBIT, EBIT margin to reach 15% for first time, despite challenging raw material price development
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
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HIGHLIGHTS FIRST HALF OF 2021
KEY INVESTMENTS
Acquisition of Kreps, Russia
Acquisition of BR Massa, Brazil
Acquisition of DriTac, USA
Acquisition of Hamatite, Japan
(Closing in Q4 2021)
Expansion of additive production for shotcrete (Sweden)
Expansion of concrete admixture production and launch of epoxy resin production (Qatar)
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SIKA ACQUIRES NORTH AMERICAN MARKET LEADER IN GREEN ROOFS AMERICAN HYDROTECH
Vancouver Public Library, Vancouver
Annual sales of CHF 83 million
Sika and Hydrotech with combined market share of over 30% in green roofs and clear number 1 position
Additional growth platform in fastgrowing green/garden roof segment
Strengthening of Sika's leading position in sustainable roofing solutions
Ballard Library, Seattle
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Sika AG published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 03:07:05 UTC.
Sika AG is the world leader in manufacturing and marketing construction chemicals. Net sales break down by family of products as follows:
- construction chemicals (84.1%): admixtures for concretes and mortars, repair mortars, reinforcement and sealing products, sealants, etc.;
- industrial manufacturing chemicals (15.9%): adhesives and sealants (mainly polyurethanes, glues, and butyls) primarily for the automotive, railway and shipbuilding sectors.
Net sales are distributed geographically as follows: Switzerland (3.5%), France (6%), Europe/Middle East/Africa (30.6%), the United States (21.4%), Americas (9%), China (11.6%), Asia/Pacific (10.4%) and other (7.5%).
SIKA AG 
