The company, whose products are used to strengthen and waterproof walls, floors and roofs, said it was aiming to increase its profitability target to an EBITDA margin of 20%-23% in the period 2024 to 2028.

Sika also said it reported strong sales growth of 12.2% for the first eight months of the year.

(Reporting by Noele Illien; Editing by Muralikumar Anantharaman)