BUILDING TRUST | Sika South Africa

Sika's professional products have been approved on the biggest job sites in the world, and we believe that everyone deserves the best solution for their job site, regardless of the size of the project.
Sika’s goal is to be present in all markets with a full range of the highest quality construction chemicals. On the distributors' shelves, customers find professional solutions, for which top quality demand is always guaranteed, nothing less.

Sika is a global leader in the fields of construction and DIY, producing products and systems of cutting-edge innovation, advanced technology and steadfast quality. With over 110 years’ experience, Sika offers a trusted range of roofing and waterproofing products that have been tried and tested. Designing an entire watertight building, from the basement to the roof, entails the development of solutions for a wide range of applications - solutions that can be installed practically and provide permanent protection. It also means assuring the watertightness of working joints and movement joints.

Sometimes - most times actually - instead of having you read an article on how good our products are, we like to get out the office to show you. It’s a wonderful way to create awareness with new customers, catch up with our faithfulls and interact with staff, stores and the market. It’s an excellent learning platform for Sika, and its great fun too.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales increase in local currencies of 21.9%
▪ First quarter sales of CHF 2,398.2 million (+20.0% in CHF)
▪ Negative currency effect of –1.9%
▪ Opening of new plants in Tanzania and Ivory Coast

Outlook for fiscal 2022 confirmed
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Results 2021
▪ Sales of CHF 9,252.3 million (+17.5%), sales increase in local currencies of +17.1%
▪ EBITDA increased to CHF 1,758.0 million (+17.4%)
▪ Operating profit (EBIT) increased to CHF 1,391.4 million (+23.1%), resulting in an EBIT margin of 15.0% (previous year: 14.4%)
▪ Net profit up to CHF 1,048.5 million (+27.1%)
▪ Reduction of CO2eq emissions by -10.1% to 17.6 kg per ton sold
▪ Proposal for dividend increase of 16.0% to CHF 2.90 per share (previous year: CHF 2.50)

Outlook for 2022 fiscal year
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
▪ New sustainability targets to be presented at Capital Markets Day on September 30, 2022

Sika performed well in a challenging environment in 2021, once again demonstrating the strengths of its business model. Despite the ongoing COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly by 17.5% to a record CHF 9,252.3 million. As the company implemented price increases and followed disciplined cost management, operating profit (EBIT) went up by an over-proportional 23.1%, hitting a new record figure of CHF 1,391.4 million. This equates to an EBIT margin of 15.0% compared to 14.4% the previous year. In keeping with this development, net profit rose sharply by 27.1% to an overall CHF 1,048.5 million (previous year: CHF 825.1 million).

The refurbishment of the Fulton School for the Deaf, Durban, South Africa, involved a revamp of the school’s Manor House, both interior and exterior, as well as the principle’s house, and a few other internal accommodation sections. Sika assisted with the products to do the revamp and a contractor donated his time to do the revamp.