Sika Germany

Sika has closed the acquisition of Chema, a leading producer of tile setting materials in Peru with operations throughout the whole country. The acquisition strengthens Sika’s position in the fast-growing mortar segment and offers significant cross-selling opportunities through increased distribution channel presence and a complementary manufacturing footprint.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales of CHF 8,914.9 million (+5.5% in CHF) after first nine months
▪ Sales growth of 9.1% in local currencies (foreign currency effect of -3.6%)
▪ Continued steady improvement in organic growth from 0.2% in Q1 to 1.7% in Q3
▪ Expansion of material margin to 54.7% (previous year: 53.1%)
▪ Operating profit before depreciation and amortization (EBITDA) of CHF 1,701.7 million (previous year: CHF 1,502.7 million)
▪ EBITDA margin rose significantly to 19.1% (previous year: 17.8%)
▪ Acquisition of Kwik Bond, USA and Vinaldom, Dominican Republic
▪ New plants opened in Peru and China, major plant expansion in Indonesia

Outlook for fiscal 2024 confirmed:
▪ Sales increase of 6% to 9% in local currencies
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

At this year’s Sika Capital Markets Day, which is being held today in Zurich under the motto “Unlock Growth – Durability and Circularity in Construction and Industry“, Sika’s management outlines key initiatives for future growth. In a presentation to investors, analysts, and media representatives, CEO Thomas Hasler highlights how higher requirements for durability and circularity are changing the industry.