Sika AG: Robust growth in 2011
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Sika AG /
Sika AG: Robust growth in 2011
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Sika increased sales by 15.5% in local currencies in the 2011 business year,
achieving net sales of CHF 4.55 billion. Sika posted double-digit growth in
local currencies in all regions except Europe South.
In the 2011 business year, Sika lifted sales by 15.5% in local currencies. This
figure includes an acquisition effect of 3.8%. After conversion into Swiss
francs, sales therefore rose 3.1% year-on-year to CHF 4.55 billion.
Sika has expanded in all regions and witnessed strong growth in the emerging
markets of Asia/Pacific and Latin America. Sika also increased sales in the
Region North America, winning additional shares in a fiercely fought market.
Europe North reported double-digit growth due to weather conditions and thanks
to Germany, Poland and Russia, while Europe South was able to maintain growth in
the single-digit range on the back of the markets in France and the UK. Broken
down by regions, Sika expanded as follows in 2011 in local currencies: Europe
North 11.3%, Europe South 4.2%, North America 21.5%, Latin America 21.0%, IMEA
(India, Middle East, Africa) 12.3%, Asia/Pacific 28.1%. The growth seen in North
America and Asia/Pacific was significantly bolstered by acquisitions, accounting
for 5.1% and 14.0% respectively.
Sika made eight acquisitions in 2011. Taken together, the acquired companies
achieved annualized sales of some CHF 240 million in 2010, placing Sika within
its strategic target range. Sika usually targets companies for acquisition which
provide it with better market access or which possess technologies that it can
distribute though its global sales network.
The proportion of sales generated by Sika in the emerging markets is at 36%.
In local currencies, sales of products for the building and construction
industry were up by 16.3% in the 2011 business year, with an acquisition effect
of 4.2%. Sales of products for industrial manufacturing increased 12.0% in local
currencies, including an acquisition effect of 2.3%.
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 77 countries and some 14 000 employees link
customers directly to Sika and guarantee the success of all partners. Sika
generated annual sales of CHF 4.55 billion in 2011. Visit our website
atwww.sika.com.
The media release can be downloaded from the following link:
Media Release:
http://hugin.info/100359/R/1576201/491192.pdf
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Source: Sika AG via Thomson Reuters ONE
[HUG#1576201]
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2012 - 06:00 Uhr
Sprache: Deutsch
News-ID 102398
Anzahl Zeichen: 4372
contact information:
Town:
Baar
Kategorie:
Business News
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