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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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Sika with strong Sales Growth in first Quarter – Slower in March due to Covid-19

  • Sales increase of 15.4% in local currencies to CHF 1,813.6 million (+10.3% in CHF)
  • Negative currency effect of –5.1%
  • Acquisition of Adeplast (Romania) concluded, new production facility in Sarnen (Switzerland) comes on stream
  • Outlook for 2020: forecast for 2020 not yet possible due to ongoing developments related to Covid-19
  • Confirmation of 2023 strategic targets for sustainable, profitable growth
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Review: Bauer Maschinen Group at the Conexpo-CON/AGG

 

Las Vegas and Shows – these two go hand in hand. Even though a lot of things were different this year due to the corona virus, the Conexpo-CON/AGG still went ahead from 10–13 March. With an area of about 2.7 million m² and over 2,300 exhibitors, the Conexpo-CON/AGG once again was North America’s largest Construction Trade Show. Bauer Equipment America, Inc., the US subsidiary of Bauer Maschinen Group also took part and, sharing a tradeshow booth with Equipment Corporation of America (ECA), presented several new developments as well as tried and tested specialist foundation engineering technology.

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Vale informs on Slope of the Gongo Soco Mine in Brazil

Vale informs that its teams continue to monitor and report to authorities the movements in the primary and secondary portions of the northern slope of the Gongo Soco mine pit, in Barão de Cocais (MG), paralyzed since 2016. The northern slope continues to slide into the structure, a process that has been taking place gradually since last year, as reported to the market on May 16th, 2019.

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Vale informs about Production and Sales in 2019

Vale ended 2019, the most challenging year of its history, with the steady commitment to resume and stabilize production, while implementing the highest safety standards across its operations. The company's endurance and operational flexibility have prevailed and the roadmap for de-risking its operations is being followed. Vale remains committed to becoming one of the safest and most reliable mining companies in the world.

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Anglo American Q2 2019 Production Report

Mark Cutifani, Chief Executive of Anglo American, said: “Production is up 2%(1) for the quarter, due to the successful ramp-up at Minas-Rio and strong performance at Metallurgical Coal following the longwall moves and plant upgrade work in Q1.

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