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    SIKA   CH0418792922

SIKA AG

(SIKA)
  Report
Delayed Swiss Exchange  -  05/27 11:31:40 am EDT
267.00 CHF   +4.71%
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Sika Shares Rise After 4Q Sales Beat Expectations on Americas Growth

01/11/2022 | 04:06am EDT

By Giulia Petroni

Sika AG's shares rose Tuesday after it said that fourth-quarter sales beat expectations, boosted by growth in the Americas.

At 0850 GMT, shares were trading 3.4% higher at CHF351.90.

The Swiss specialty-chemicals company's quarterly sales came in around 4% ahead of the latest company-compiled consensus, driven by organic progression on year, according to analysts at Jefferies.

In the full year, the company reported a record-high sales rise of 17% in local currencies to 9.24 billion Swiss francs ($9.97 billion) in spite of challenges associated with the pandemic and issues with the procurement of raw materials. The Americas region registered 21% growth in local currencies, driven by new projects and acquisitions.

"Sika's share price has had a tough start to the year, but today's update, which serves as a reminder of the company's quality and reliability of delivery, may be sufficient to trigger some recovery," Jefferies says.

The company also backed its earnings guidance for 2021, saying it aims for a higher earnings before interest and taxes margin of 15%-18%, and confirmed its strategic goals for 2023.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

01-11-22 0406ET

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Analyst Recommendations on SIKA AG
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Financials
Sales 2022 10 432 M 10 908 M 10 908 M
Net income 2022 1 242 M 1 299 M 1 299 M
Net Debt 2022 3 161 M 3 306 M 3 306 M
P/E ratio 2022 33,2x
Yield 2022 1,28%
Capitalization 41 039 M 42 914 M 42 914 M
EV / Sales 2022 4,24x
EV / Sales 2023 3,70x
Nbr of Employees 26 666
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 267,00 CHF
Average target price 388,75 CHF
Spread / Average Target 45,6%
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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