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TPH Bausysteme, sealing, joints, Injection, technology, Concrete, restoration, protection, tunnelling, mining, Abdichtung, Verfuellung, Verfestigen, Sanierung, Tunnelbau, Bergbau

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
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Recommended Cash Acquisition for Sirius Minerals plc by Anglo American Projects UK limited

The boards of Anglo American plc, Anglo American Projects UK Limited ("Bidco") and Sirius Minerals Plc are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition pursuant to which Bidco shall acquire the entire issued and to be issued share capital of Sirius (the "Acquisition"). The Acquisition is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.

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Fugro becomes sole Shareholder of Seabed Geosolutions

Fugro has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of USD 35 million, paid by CGG before year-end 2019. The proceeds will be used to lower Fugro’s outstanding debt position and strengthen Seabed Geosolutions’ balance sheet.

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Sika acquires Market Leader in Roofing and Waterproofing Systems in Romania

Sika has agreed to acquire Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority.

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Sika acquires Concrete Fiber Company in the USA

Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika's three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika's concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.

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