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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

Sika once again posted record results in the first half of 2021, despite the Covid-19 pandemic continuing to seriously impact business in all regions. The company generated strong growth rates and continued its growth trajectory, with a new sales record of CHF 4,448.7 million. This equates to an increase of 23.5% in local currencies. Sales growth in Swiss francs amounted to 23.1%, which includes a slightly negative currency effect of -0.4%. The acquisition effect was 1.1%. Organic growth in the first half of the year amounted to 22.4%. Compared with the same period in 2019, organic growth is already at 11.3%.

Thomas Hasler, Chief Executive Officer: “In a market environment that remained challenging, we once again performed successfully, achieving strong business results in the first six months of 2021. With our innovative strength, our customer focus, and our leading market position, we secured strong growth in all regions and expanded our market share in a targeted manner. Covid-19 will continue to pose a challenge. We are well equipped and have proven a high level of resilience against a difficult economic backdrop, creating new growth platforms. Sika has a strong corporate culture and our local teams working with our regional and corporate organizations are ready for the challenges that the second half of the year may bring.”

Source: Sika

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