News

Ad hoc announcement pursuant to Art. 53 LR

Results 2022
▪ Sales of CHF 10,491.8 million (+13.4%), sales increase in local currencies of +15.8%
▪ Operating profit (EBIT) increased to CHF 1,579.7 million (+13.5%), resulting in an EBIT margin of 15.1% (previous year: 15.0%)
▪ Net profit up to CHF 1,162.5 million (+10.9%)
▪ Reduction of CO2eq emissions by -6.9% to 16.4 kg per ton sold
▪ Proposal for dividend increase of 10.3% to CHF 3.20 per share (previous year: CHF 2.90)

Outlook for 2023 fiscal year
▪ Closing of MBCC acquisition targeted for the first half of 2023
▪ Sales increase in local currencies by 6-8% and an over-proportional increase in EBIT anticipated (excluding impact of MBCC acquisition)
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Sika performed well against an increasingly difficult economic backdrop and exceeded the CHF 10 billion sales mark for the first time with sales of CHF 10,491.8 million. This corresponds to an increase in Swiss francs of 13.4% year-on-year. The currency effect came to –2.4%. Operating profit (EBIT) increased by 13.5%, reaching a new record figure of CHF 1,579.7 million. This equates to an EBIT margin of 15.1%.

▪ Sika acquires MBCC business generating CHF 2.1 billion net sales in 2022
▪ Annual synergies expected in the range of CHF 160 – 180 million by 2026
▪ Integration process well prepared and to start as of today
▪ The combined innovation power of Sika and MBCC will accelerate the sustainable transformation of the whole construction industry
▪ Sika set to reach sales in excess of CHF 12 billion in 2023

Index is a leading international manufacturer of roofing and waterproofing systems and, by acquiring the company, Sika has expanded its bitumen product range, boosting our position both in South Africa and abroad. Index has gone from strength to strength during its 25 years in the South African market.

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

At the Sika Capital Markets Day 2021 being held in Zurich today, CEO Thomas Hasler confirms the strategic targets 2023. Under the motto: "Sika as Enabler for a Sustainable Construction Industry", members of Group Management and Sika experts demonstrate the groundbreaking Sika concrete recycling process at a test facility in Zurich. The new reCO2ver concept can be considered a breakthrough in concrete recycling and has the potential to significantly contribute to a more sustainable and circular economy. Furthermore, Sika demonstrates how to further drive the decarbonization of the construction industry, and how innovations meet the challenges of tomorrow.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts sales of CHF 10.49 billion in 2022
▪ Sales growth of 15.8% in local currencies (+13.4% in CHF)
▪ Further growth platforms secured with acquisitions of Sable Marco (Canada) and UGL (USA)
▪ Closing of MBCC acquisition targeted for first half of 2023
▪ New plants opened in Tanzania, Ivory Coast, Bolivia, USA, and China
▪ Record EBIT and an EBIT margin of 15% anticipated for the 2022 fiscal year
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Sika is proud to have acquired a majority stake in Index Construction Systems and Products. Index is a leading manufacturer of roofing and waterproofing systems near Verona, Italy. In acquiring Index, Sika has expanded its bitumen product range and boost its position both in the Italian regions and abroad with over 100 distributors including South Africa. Sika has always challenged the status quo in the construction industry, and implementing this acquisition is another way they’re looking for advanced solutions for constructing a better future.

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.

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.

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.

• Sales of CHF 7,877.5 million (–2.9% in CHF, +3.4% in local currencies)
• EBITDA increased to CHF 1,497.6 million (+7.9%)
• Operating profit (EBIT) increased to CHF 1,130.5 million (+7.1%)
• EBIT margin increased to 14.4% (previous year: 13.0%)
• Net profit up to CHF 825.1 million (+8.8%)
• Operating free cash flow increased to CHF 1,259.4 million (+22.7%)
• Reduction of CO2 emissions by 25.9% to 20 kg per ton sold (previous year: 27 kg per ton sold)
• 6 factories opened or extended, 1 company acquired and one expanded
partnership
• Proposal for dividend increase of 8.7% to CHF 2.50 (previous year: CHF 2.30)
• From May 1, 2021: Thomas Hasler to succeed CEO Paul Schuler
▪ Outlook for 2021 fiscal year
▪ Sales increase in local currencies of 6%–8%
▪ Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

The 2020 fiscal year was overshadowed by the COVID-19 pandemic, which had a number of severe effects for the construction and automotive sectors. Despite this difficult environment, Sika nonetheless achieved record results. Sales increased by 3.4% in local currencies. Due to negative currency effects, this equates to a slight decline in sales in Swiss francs of -2.9% compared to the prior year. Operating profit (EBIT) grew by an over-proportional 7.1% to CHF 1,130.5 million – a new record result. In keeping with this development, new records were also set for net profit at CHF 825.1 million (+8.8% year-on-year) and operating free cash flow at CHF 1,259.4 million (+22.7% year-on-year).

Sika has developed a new, ground-breaking recycling process for old concrete. The old concrete is broken down into the individual parts gravel, sand and limestone in a simple and efficient process, which also binds about 60 kg of CO2 per ton of crushed concrete demolition waste. This innovation - with the brand name «reCO2ver» - will make a significant contribution to reduce the ecological footprint of the construction industry.