Menu

Sika announces Record Results in first Half of 2021 – strong Growth in Sales and EBIT

  • Sales increase of 23.5% in local currencies
  • First-half sales at CHF 4,448.7 million (+23.1% in CHF)
  • Operating profit (EBIT) at CHF 685.9 million (+67.2%)
  • Record EBIT margin at 15.4%
  • Operating free cash flow increase at CHF 318.4 million (+26.4%)
  • Acquisition of Kreps (Russia), DriTac (USA), BR Massa (Brazil), and Hamatite (Japan)
  • Outlook for 2021 fiscal year
    • Growth in local currencies of 13%–17% (previously: double-digit sales growth in local currencies)
    • Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
  • Confirmation of 2023 strategic targets for sustainable, profitable growth
Read more...

Innovative and practical: New features introduced by RTG Rammtechnik GmbH set Standards for Sheet Pile Wall Construction

Traditionally, large trade fairs such as Bauma in Munich offer an opportunity to present new developments in construction equipment technology to a wider professional audience. For years, RTG Rammtechnik GmbH, a company of the Bauer Maschinen Group, is impressively demonstrating its long-term commitment to innovation with a range of new features for the RG telescopic leaders.

Read more...

Sika defies Coronavirus Crisis with Growth in local Currencies

  • Sales growth of 2.9% in local currencies to CHF 3,614.6 million (–3.2% in CHF)
  • High negative currency effect of –6.1% (impact of minus CHF 225 million in sales and CHF 29 million in EBIT)
  • Maintained high EBITDA margin of over 16% (currency adjusted absolute EBITDA was flat)
  • Operating profit (EBIT) at CHF 410.2 million (–14.8%)
  • Increased operating free cash flow amounting to CHF 254.7 million (+41.7%)
  • Closing of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), and buildup of a new factory in Barranquilla (Colombia)
  • Outlook for the second half of the year: Sika is expecting more favorable market conditions. With the anticipated improvement in sales volumes, the company expects an over-proportional EBIT increase for the second half of the year
  • Confirmation of 2023 strategic targets for sustainable, profitable growth
Read more...

Celebrating International Women in Engineering Day 2020

International Women in Engineering day is celebrated each year to recognize the valuable contribution of women in the engineering field and to encourage more young women to consider careers in engineering. Despite some progress in recent years, women still make up only a fraction of the engineers around the globe. For instance, women make up just 12% of engineers in the UK and 13% in the United States.

Read more...

Mining Industry remains hopeful post Brexit, says GlobalData

After the UK left the European Union on 31 January, GlobalData asked the readers of Mining Technology to vote on what they expected Brexit’s effect on the UK mining industry to be. According to the 2,094 respondents, 29% saw the move as strongly positive, 28% strongly negative, 16% slightly negative, 10% slightly positive and 17% neutral.
GlobalData’s Mining Technology writer Yoana Cholteeva comments: “Brexit has already had a significant effect on the UK mineral industry. Market conditions and the ongoing uncertainty surrounding Brexit saw UK-based operator Sirius Minerals cancel a US$500m bond sale to finance its polyhalite Woodsmith project in North Yorkshire in September 2019, a mining project which would have become the biggest in the UK.

Read more...
Subscribe to this RSS feed

Our Web Adresses

Idea and Programming

Akzeptieren/Accept

Diese Website verwendet nur technisch notwendige Cookies. Sie werden nicht getrackt und Ihre Daten werden nicht weitergeleitet an Dritte. Durch die Nutzung dieser Webseite erklären Sie sich damit einverstanden, dass Cookies gesetzt werden. Mehr erfahren

This website uses only technically necessary cookies. You are not tracked and your data are not passed on to third parties. By using this website, you consent to the use of cookies.