SIKA CAPITAL MARKETS DAY - STRATEGIC TARGETS CONFIRMED; OVER 20 PRODUCTS AND INNOVATIONS PRESENTED
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Sika AG /
SIKA CAPITAL MARKETS DAY - STRATEGIC TARGETS CONFIRMED; OVER 20 PRODUCTS AND
INNOVATIONS PRESENTED
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The issuer is solely responsible for the content of this announcement.
At the Sika Capital Markets Day in Zurich today, Sika CEO Paul Schuler confirmed
the 2020 strategic targets. Heralded by the slogan "From patents to world-class
products", more than 20 products and innovations from all target markets were
presented, including products for higher building standards, for 3-D concrete
printing and for electric vehicles.
Sika CEO Paul Schuler: "The strong product pipeline we have presented plus the
successful growth trajectory that we are continuing on in the second half of the
year mean we can confirm our outlook for 2017 and our strategic targets for
2020. Thanks to innovation, one of the five pillars of our strategy, we are
managing to steadily improve our sales and profitability from year to year."
2020 STRATEGIC TARGETS SET TO BE MET
With annual growth of 6-8%, Sika wants to achieve an EBIT margin of 14-16% and
operating free cash flow of over 10% by 2020. Another 26 new factories are set
to be commissioned by then, and six new national subsidiaries established. Sika
also intends to increase EBIT to more than CHF 1 billion by 2020.
PRESENTATION OF OVER 20 INNOVATIONS AND NEW PRODUCTS
In the last five years, 420 patents have been filed and about 1,500 new products
launched on the market. Among the numerous innovations, the main focus at
Capital Markets Day was on products for higher building standards, the
implementation of 3-D concrete printing and, in the high-growth automotive
business, adhesives and materials for electric vehicles. Thus in future many
facade elements for buildings, for example, will be produced on an industrial
scale using 3-D printing - a business which Sika sees as having additional
market potential of about CHF 1 billion by 2025. Given the megatrend towards
electric-powered transport, Sika will increasingly be offering solutions for
electric vehicles and expects this to generate around 20% more sales per
vehicle. Some 50% of all passenger cars produced worldwide already contain Sika
products.
CONTACT
Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik(at)ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and automotive industry. Sika
has subsidiaries in 99 countries around the world and manufactures in over 190
factories. Its more than 17,000 employees generated annual sales of CHF 5.75
billion in 2016.
The media release can be downloaded from the following link:
Media release (PDF):
http://hugin.info/100359/R/2135474/817151.pdf
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Source: Sika AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2017 - 12:00 Uhr
Sprache: Deutsch
News-ID 560667
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