The Sika success story continues. The implementation of Strategy 2018 is well under way. Salesare at record levels in all regions. All relevant growth targets for full‐year 2014 have beenexceeded. An above‐average increase in net profit is expected for the business year 2014.


In the fourth quarter of 2014, Sika's consolidated net sales rose by 5.1% despite a very strongprior‐year period (+17.8%). There was a considerable decrease in negative currency effects. On acurrency‐adjusted basis, sales were up 4.6%.


Sales for full‐year 2014 rose by 13.0% to CHF 5.57 billion. Sika thus significantly exceeded itsgrowth targets. All regions contributed to this growth and set new sales records. The negativecurrency effect for the full year was ‐4.7%. Sales in Swiss francs increased by 8.3% afteradjustment for currency effects.


Sika CEO Jan Jenisch: "We exceeded our growth targets not only in the last quarter of 2014 butalso throughout the entire financial year. These record results were achieved thanks to ouremployees, who use their expertise and demonstrate huge commitment every day as theyimplement our growth model. Our Strategy 2018, under which we are accelerating the build‐upin the emerging markets, investing in new factories and launching new products, is producingresults that exceed our targets and expectations."

Record Sales in all Regions

Sales in the region EMEA (Europe, Middle East, Africa) increased by 13.3% in the year underreview. Visible growth drivers in the Middle East and Africa and the moderate recovery seen inthe southern European markets had a positive impact on the region’s development.


North America recorded a 7.9% increase in sales. Construction projects that had been shelved inrecent years are now being implemented, and a greater number of investments are being madein infrastructure projects and commercial buildings.


The region Asia/Pacific grew by 12.8%, achieving sales of over CHF 1 billion for the first time. Themajority of countries achieved double‐digit growth rates and increased their market share.


At 15.9%, sales growth remained consistently high in Latin America in 2014. In a demandingbusiness environment, Sika benefited from its strong market presence.

Eight New Factories

Accelerated development and expansion in the emerging markets continued in 2014. Newfactories were opened in Brazil, Mexico, Indonesia, Singapore, India and Serbia. Two additionalplants were commissioned in the USA. The founding of six new international subsidiaries in SriLanka, Bosnia‐Herzegovina, Albania, Mozambique, Ivory Coast and Nigeria has created a basis fortapping these new markets.

Above-Average Increase in Net Profit Expected

Sika expects an above‐average increase in net profit for the full year. With sales growthexceeding expectations and gross margins improving in the fourth quarter, the operating result(EBIT) is expected to exceed CHF 600 million.

Ensuring that the Sika Success Story Continues

On December 8, 2014, Sika stated its position on the change of control to Saint‐Gobain, and onDecember 17, 2014, it also presented concrete proposals for ensuring that the Sika success storycontinues. The Board of Directors and Group Management reject the change of control in thecurrently proposed form. However, they will continue to act in the best interest of Sika and itsstakeholders, and this includes holding constructive talks with all the parties involved. The aim isto continue Sika's successful growth strategy without hindrance.