Sika AG: Growth of over 8% in the first quarter
(Thomson Reuters ONE) -
Sika AG /
Sika AG: Growth of over 8% in the first quarter
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
In the first quarter of 2012, Sika grew by 8.3% in local currencies. Taking into
account exchange rate effects of -5.2%, sales in Swiss francs were up 3.1% year-
on-year to CHF 1 052.9 million. Sika benefited primarily from strong growth in
America.
In the first quarter of the 2012 business year, Sika boosted sales by 8.3% in
local currencies. This figure includes an acquisition effect of 4.5%. After
deducting 5.2% for exchange rate effects, Sika boosted sales in Swiss francs by
3.1% year-on-year to CHF 1 052.9 million.
Regions
Sika experienced the strongest growth in America. In North America, the company
benefited from increased market share, a good project business and strong
renovation activity. In Latin America, Sika maintained its high level of growth,
gaining market share in this region as well and also benefiting from increased
production capacity. In each of these regions, Sika lifted sales by 18.6% in
local currencies.
The Europe North region experienced stable growth year-on-year owing to the
comparatively cold winter (-0.8% growth in local currencies). In the
Asia/Pacific region (1.9% growth in local currencies), the Chinese government's
efforts to tackle inflation had an impact, and various infrastructure
construction projects were temporarily put on hold for review purposes. In the
other regions, growth in local currencies developed as follows: Europe South
5.1%, IMEA (India, Middle East and Africa) 9.5%.
Sika increased sales of products for the construction industry by 7.3% and
products for industrial manufacturing by 11.9% in local currencies.
Outlook
Sika expects development to be stable in Europe. Central and Eastern European
countries are developing well, while uncertainties in the peripheral countries
persist. Sika anticipates continued solid growth in North and Latin America.
With isolated exceptions, the emerging markets should continue to exhibit
double-digit growth. The development in terms of margins has continued its
positive direction. The measures taken are bearing fruit.
Net sales in the first three months of 2012
1/1/2011 - 1/1/2012 - Change compared to prior year
in CHF mn 3/31/2011 3/31/2012 (+/- in %)
-------------------------------------------------------------------------------
In Swiss In local Currency
francs currencies[2] impact
-------------------------------------------------------------------------------
By Region
-------------------------------------------------------------------------------
Europe North 267.4 250.2 -6.4 -0.8 -5.6
-------------------------------------------------------------------------------
Europe South 196.2 193.4 -1.4 5.1 -6.5
-------------------------------------------------------------------------------
North America 122.1 140.2 14.8 18.6 -3.8
-------------------------------------------------------------------------------
Latin America 125.6 139.0 10.7 18.6 -7.9
-------------------------------------------------------------------------------
IMEA[1] 67.9 66.8 -1.6 9.5 -11.2
-------------------------------------------------------------------------------
Asia/Pacific 175.9 180.0 2.3 1.9 0.4
-------------------------------------------------------------------------------
Other segments and
activities 66.1 83.3 26.0 32.0 -5.9
-------------------------------------------------------------------------------
Consolidated net sales 1'021.2 1'052.9 3.1 8.3 -5.2
-------------------------------------------------------------------------------
Products for
construction industry 797.6 815.3 2.2 7.3 -5.1
-------------------------------------------------------------------------------
Products for industrial
manufacturing 223.6 237.6 6.2 11.9 -5.7
-------------------------------------------------------------------------------
[1] India, Middle East, Africa
(IMEA)
[2] including
acquisitions
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
CH-6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com Fax: +41 58 436 68 50
slappnig.dominik(at)ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry as well as
manufacturing industries (automotive, bus, truck, rail, alternative energies,
building components). Sika is a leader in processing materials used in sealing,
bonding, damping, reinforcing and protecting load-bearing structures. Sika's
product lines feature high-quality concrete admixtures, specialty mortars,
sealants and adhesives, damping and reinforcing materials, structural
strengthening systems, industrial flooring as well as roofing and waterproofing
systems. Worldwide local presence in 76 countries and some 15,300 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generates annual sales of CHF 4.556 billion. Visit our website at www.sika.com.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1602953/506571.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sika AG via Thomson Reuters ONE
[HUG#1602953]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 05:01 Uhr
Sprache: Deutsch
News-ID 135541
Anzahl Zeichen: 7071
contact information:
Town:
Baar
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Sika AG: Growth of over 8% in the first quarter"
steht unter der journalistisch-redaktionellen Verantwortung von
Sika AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
