Sika Germany

Sika has opened two state-of-the-art plants in Singapore and in Xi'an, Northwest China. The newly built plant in Singapore specializes in the production of mortars, while the Xi'an facility manufactures a full range of Sika products, including tile adhesives, cementitious waterproofing, and flooring solutions. With both plants, Sika will be able to respond better to local market demands, while significantly reducing logistical distances.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts record sales of CHF 11.76 billion (+4.7% in CHF) in 2024
▪ Sales growth of 7.4% in local currencies (foreign currency impact of -2.7%)
▪ Strong acquisition momentum: MBCC integration with higher synergies and local acquisition of Kwik Bond in the USA, Vinaldom in the Dominican Republic, and Chema in Peru
▪ Organic growth of 1.1% for the full year and 1.7% for the second half of the year
▪ Investment in further growth: commissioning of new plants in Peru, China and Indonesia

Outlook for fiscal 2024:
▪ Over-proportional increase in EBITDA expected
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

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.