Sika News from 2023

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  • Media Release
  • Nine Months Report
  • October
  • 2021
  • Financial
  • News

Sika on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
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  • Media Release
  • Acquisition
  • 2021
  • November
  • Ad hoc
  • News

Sika to Acquire MBCC Group to Accelerate Its Growth Strategy and Reinforce Its Position as Sustainability Champion in the Global Construction Industry

▪ MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
▪ Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
▪ Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
▪ Acquisition is accretive to Sika’s earnings per share from the first full year post closing
▪ The combined company will drive the sustainability transformation of the construction industry further and faster
▪ Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022
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International Women in Engineering Day 2021

To celebrate International Women in Engineering Day 2021 (INWED21), Sika is championing the contribution its female engineers are making to its business and the industry as a whole.

SIKA DEMONSTRATES EXTENSIVE FIRE SAFETY COMPLIANCE USING EXTENDED APPLICATION ASSESSMENTS, AS BROOF(T4) IS CONFIRMED FOR ALL SARNAFIL SINGLE PLY SYSTEMS

Market-leading roofing manufacturer Sika has now completed Extended Application Assessments, testing to CEN/TS 1187:2012 Test method 4 for the entire Sika Sarnafil range of PVC single ply membranes. Subsequently, the most common Sika Sarnafil roof systems are now all classified under BSEN 13501-5 as BROOF(t4).
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Sika News from 2022

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  • Media Release
  • Nine Months Report
  • October
  • 2021
  • Financial
  • News

Sika on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Acquisition
  • 2021
  • November
  • Ad hoc
  • News

Sika to Acquire MBCC Group to Accelerate Its Growth Strategy and Reinforce Its Position as Sustainability Champion in the Global Construction Industry

▪ MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
▪ Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
▪ Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
▪ Acquisition is accretive to Sika’s earnings per share from the first full year post closing
▪ The combined company will drive the sustainability transformation of the construction industry further and faster
▪ Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022
AD HOC
  • News

International Women in Engineering Day 2021

To celebrate International Women in Engineering Day 2021 (INWED21), Sika is championing the contribution its female engineers are making to its business and the industry as a whole.
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Sika News from 2021

Suggested Searches
  • Media Release
  • Nine Months Report
  • October
  • 2021
  • Financial
  • News

Sika on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT

▪ Sales up by 18.1% in local currencies, sales of CHF 6,862.7 million (+18.2% in CHF)
▪ Operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT margin at 15.4%
▪ 7 acquisitions realized to date: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Change in Group Management with Patricia Heidtman as new Chief Innovation and Sustainability Officer
▪ Outlook for 2021 confirmed: expected growth in local currencies: 13–17%; over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • Acquisition
  • 2021
  • November
  • Ad hoc
  • News

Sika to Acquire MBCC Group to Accelerate Its Growth Strategy and Reinforce Its Position as Sustainability Champion in the Global Construction Industry

▪ MBCC Group is one of the most recognized companies in construction chemicals worldwide with sales of approximately CHF 2.9 billion (EUR 2.7 billion)
▪ Enterprise value of CHF 5.5 billion represents a 11.5x EV/pro forma 2022E EBITDA multiple with expected annual synergies of CHF 160 – 180 million bringing the multiple down to 8.5x EV/EBITDA
▪ Transaction is highly complementary across almost all of Sika’s core technologies, applications, and solutions
▪ Acquisition is accretive to Sika’s earnings per share from the first full year post closing
▪ The combined company will drive the sustainability transformation of the construction industry further and faster
▪ Transaction is subject to regulatory approval, but Sika is confident that all required clearances will be obtained. Closing targeted for the second half of 2022
AD HOC
  • News

International Women in Engineering Day 2021

To celebrate International Women in Engineering Day 2021 (INWED21), Sika is championing the contribution its female engineers are making to its business and the industry as a whole.
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View all 2021 News

Sika News from 2020

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Sika Achieves Sales Record of CHF 8.11 Billion – Strong Growth of 16.3%

▪ Sales growth of 16.3% in local currencies to CHF 8.11 billion (+14.4% in CHF)
▪ Growth in all regions
▪ Organic growth of 3.3%
▪ Growth boosted by acquisitions of Parex, Crevo‐Hengxin, King Packaged Materials, Belineco. Signing of Adeplast.
▪ Opening of seven new factories
▪ Outlook: double‐digit EBIT growth expected for 2019, consistent implementation of Strategy 2023 for sustainable, profitable growth
  • News
  • Sustainability

Sika Marks a Decade of RICS Award Sponsorship with Online Social Impact Showcase

Sika, the global provider of built environment solutions from basement to roof, will be Headline Sponsor of all 12 of the RICS regional awards for the second consecutive time this year, marking 10 continuous years of RICS Awards sponsorship. The sponsorship also includes the Project of the Year Award across all 12 regions.
  • News

Sika Defies Coronavirus Crisis with Growth in Local Currencies of 2.9%

▪ 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
View all 2020 News

Sika News from 2019

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Sika opens production plant in Qatar

Sika is starting operations at a plant in Doha, Qatar, for the production of concrete admixtures. The country on the east coast of the Arabian peninsula is an attractive market thanks to large-scale infrastructure investment and a number of mega projects, both ongoing and planned.
  • Construction

Sika completes acquisition of Parex

Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With annual sales of CHF 1.2 billion, Parex is a leading mortar manufacturer with an impressive track record of profitable growth and attractive margins. Sika and Parex are two strong companies that are highly complementary in product offering and channel penetration. With this acquisition, Sika will expand its product portfolio for the building finishing market, further strengthening its world leader position in construction chemicals, and reaching sales in excess of CHF 8 billion for 2019.
  • Construction

Successful Start to the Year with 7.1% Sales Growth in First Quarter

▪ Sales growth of 7.1% in local currencies to CHF 1,644.8 million (+5.8% in CHF)
▪ Growth in all regions
▪ Start-up of new mortar factory in Senegal
▪ Announced acquisition of three companies: Parex, global, King Packaged Materials, Canada, and Belineco, Belarus
▪ Confirmation of outlook with sales target of at least CHF 8 billion in 2019
View all 2019 News

Sika News from 2018

Sika Cyclists go the Distance for Charity

The natural beauty of the North Pennines provided a stunning and challenging backdrop for more than 180 cyclists taking part in an endurance bike ride to raise much-needed funds for the British Heart Foundation.

The sponsored Sika Cycle 2018 event on 15th September saw pedal-pushing participants take on one of four challenging routes – lasting 25, 50, 70 and 100 miles – with courses weaving their way through the dramatic landscape of Teesdale and Nidderdale within County Durham and North Yorkshire.

New Role to Enhance Support for Sika Roofing Customers

Sika Roofing is pleased to announce the appointment of Martin Bidewell as Head of Technical & Product Management for Sika Roofing.
  • Media Release

Sika, Burkard Family and Saint-Gobain Find Overall Agreement

▪ Compagnie de Saint-Gobain (Saint-Gobain) acquired Schenker-Winkler Holding AG (SWH) from the Burkard family
▪ Saint-Gobain/SWH sold 6.97% stake in Sika AG (Sika) to Sika for a total consideration of CHF 2.08 billion
▪ Saint-Gobain retains 10.75% interest in Sika through SWH for a minimum of two years
▪ Sika calls shareholders’ meeting to introduce unitary share class, cancellation of opting-out, and elimination of 5% transfer restrictions and to cancel the 6.97% shares acquired from SWH
▪ Parties terminate all legal proceedings
▪ Sika and Saint-Gobain intend to extend their existing business relationship
View all 2018 News

Sika News from 2017

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Sika Cycle 2017

More than 160 cyclists took part in an endurance bike ride through the Trough of Bowland to raise vital funds for the North West Air Ambulance.

Sika Opens Doors to Construction Press Journalists

Sika UK welcomed journalists from some of the leading construction industry publications to its Preston site this month for a behind-the-scenes tour.

Student Architects Tessellate Tunes in Manchester

Every year, Manchester School of Architecture organizes ‘Events’, a series of collaborative design exercises that encourage communication between architecture academia and other domains such as arts, construction, industry, film or fashion.
View all 2017 News

Sika News from 2016

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Sika Expands its Production Site in Bludenz, Austria

Sika is investing around CHF 2.2 million in the expansion of its production site in Bludenz, Austria. A new warehouse and a new manufacturing line for waterbars is being added to the existing site.

Rewards for Young Professionals Announced

The winners of the annual Construction Development Alliance (CDA) Awards were revealed recently at Burnley Mechanics Theatre, during a ceremony hosted by television personality Dominic Littlewood.

Sika Strengthens Presence in Latin America

Sika continues to expand its presence in Latin America. Another mortar factory has come on stream in Ecuador, and a new subsidiary has been set up in Nicaragua. These two growth initiatives tap into additional potential in Latin America and mark the ongoing successful implementation of Strategy 2018.
View all 2016 News

Sika News from 2015

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The Changing World of Guarantees

One of the most effective ways that a contractor can demonstrate quality to their customers is to be able to offer a guarantee.
  • News

Sika Sarnafil Chosen for Walkie Talkie's Curved Walkways

At a dizzying 160m (525ft) tall, London’s distinctive Walkie Talkie building required an exceptional roofing solution. Fenland Roofing and Sika Sarnafil single ply were up to the challenge.
  • News

Changes to Classification Labelling Packaging

New regulations regarding the Global Harmonised System for Classification, Labelling and Packaging (GHS CLP) of chemicals that come into effect, for materials produced from 1st June 2015 onwards.
View all 2015 News

Sika News from 2014

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Sika in top 2% of fundraisers on JustGiving for SikaRide 2013

On the 7th of September 2013 nearly 100 Sika cyclists made up of staff, family, friends and customers descended on the tranquil Trough of Bowland to complete the 50 mile and 86 mile respectively SikaRide 2013 in aid of Macmillan Cancer Support.
  • Construction

Constructing Excellence Awards Sponsorship

The Constructing Excellence in London and the South East Awards 2014 opens for entries on Monday 13th of January 2014 and will close on the 2nd of April 2014.
  • Construction
  • Industry

Water Park Like A Roman Bath

Pálava in Southern Moravia in Czech Republic is not just a great place for strolls in nature and getting to know Moravian wines! A huge water park with the largest amount of indoor attractions in the country was built.
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Sika News from 2013

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Sika Seeks BBA Approval

Sika – a global leader in products and solutions for the construction industry – has heavily invested this year in renewing and gaining new BBA certificates for a large number of its products.
View all 2013 News