Sika lifts annual sales growth target to 6%-9% at its Capital Market Day

ZURICH (Reuters) - Sika said it expects to increase its sales by 6%-9% per year, the Swiss construction chemicals maker said on Tuesday as it unveiled its strategy for the next four years.

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)