Sika : on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT
October 22, 2021 at 04:04 am EDT
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SIKA ON TRACK TO SET RECORDS AFTER FIRST NINE MONTHS - STRONG GROWTH IN SALES AND EBIT
SIKA COMPANY PRESENTATION
OCTOBER 22, 2021
1. NINE-MONTH RESULTS 2021
RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021
GROWTH IN LOCAL CURRENCIES OF 18.1% - EBIT-GROWTH OF 32.2%
Sales and profit
Sales growth of 18.1% in local currencies. Record sales of CHF 6,862.7 million (+18.2% in CHF).
Record operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT-margin at 15.4%
Change in Group Management
Patricia Heidtman as new Chief Innovation and Sustainability Officer
Key investments
Seven acquisitions realized: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
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 for 2021 confirmed
Growth in local currencies of 13%-17%
Over-proportionalincrease in EBIT, EBIT margin to reach 15% for first time, despite challenging raw material price development and supply chain restrictions
Confirmation of 2023 strategic targets for sustainable, profitable growth
3
RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021 REALIZED ACQUISITIONS
Acquisition of Kreps, Russia
Acquisition of BR Massa, Brazil
Acquisition of DriTac, USA
Acquisition of Hamatite, Japan
(February 2021)
(March 2021)
(March 2021)
(April, Closing in Q4 2021)
Acquisition of American
Acquisition of Bexel, Mexico
Acquisition of Landun, China
Hydrotech, North America (July
(August 2021)
(August 2021)
2021)
4
RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021 KEY FIGURES
in CHF mn
2020
2021
%
Net sales
5,805.5
6,862.7
+18.2%
Gross results as % of net sales
54.6
52.6
EBITDA
1,071.4
1,327.5
+23.9%
EBIT
797.1
1,054.0
+32.2%
Net profit
561.5
765.1
+36.3%
5
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Sika AG published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 08:03:14 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 
