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  • Media Release
  • 2025
  • February
  • Acquisition

Sika acquires leading green roof provider in Singapore

Sika has acquired Elmich Pte Ltd, a leading supplier of urban greening systems headquartered in Singapore. Elmich’s first-class products are highly regarded by specifiers and its solutions have been used in many iconic buildings in Singapore and Australia. The acquisition complements Sika’s roofing portfolio in the region and strengthens its specification business for commercial and residential projects.
  • Media Release
  • January
  • 2025
  • New Plant

Sika expands its global footprint with new plants in Singapore and China

Sika has opened two state-of-the-art plants in Singapore and in Xi'an, Northwest China. The newly built plant in Singapore specializes in the production of mortars, while the Xi'an facility manufactures a full range of Sika products, including tile adhesives, cementitious waterproofing, and flooring solutions. With both plants, Sika will be able to respond better to local market demands, while significantly reducing logistical distances.
  • Media Release
  • Financial
  • January
  • Ad hoc
  • 2025

Sika Posts Record Sales of CHF 11.76 Billion in 2024 - Growth of 7.4% in Local Currencies

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts record sales of CHF 11.76 billion (+4.7% in CHF) in 2024
▪ Sales growth of 7.4% in local currencies (foreign currency impact of -2.7%)
▪ Strong acquisition momentum: MBCC integration with higher synergies and local acquisition of Kwik Bond in the USA, Vinaldom in the Dominican Republic, and Chema in Peru
▪ Organic growth of 1.1% for the full year and 1.7% for the second half of the year
▪ Investment in further growth: commissioning of new plants in Peru, China and Indonesia

Outlook for fiscal 2024:
▪ Over-proportional increase in EBITDA expected
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • 2024
  • Acquisition
  • November

Sika closes acquisition of Chema - A high-performing mortar company in Peru

Sika has closed the acquisition of Chema, a leading producer of tile setting materials in Peru with operations throughout the whole country. The acquisition strengthens Sika’s position in the fast-growing mortar segment and offers significant cross-selling opportunities through increased distribution channel presence and a complementary manufacturing footprint.
  • Media Release
  • Nine Months Report
  • October
  • Financial
  • Ad hoc
  • 2024

Sika sets new records in sales and profit - Organic growth accelerates further

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales of CHF 8,914.9 million (+5.5% in CHF) after first nine months
▪ Sales growth of 9.1% in local currencies (foreign currency effect of -3.6%)
▪ Continued steady improvement in organic growth from 0.2% in Q1 to 1.7% in Q3
▪ Expansion of material margin to 54.7% (previous year: 53.1%)
▪ Operating profit before depreciation and amortization (EBITDA) of CHF 1,701.7 million (previous year: CHF 1,502.7 million)
▪ EBITDA margin rose significantly to 19.1% (previous year: 17.8%)
▪ Acquisition of Kwik Bond, USA and Vinaldom, Dominican Republic
▪ New plants opened in Peru and China, major plant expansion in Indonesia

Outlook for fiscal 2024 confirmed:
▪ Sales increase of 6% to 9% in local currencies
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • 2024
  • October
  • Capital Markets Day

Sika Capital Markets Day: Unlock Growth - Durability and Circularity in Construction and Industry

At this year’s Sika Capital Markets Day, which is being held today in Zurich under the motto “Unlock Growth – Durability and Circularity in Construction and Industry“, Sika’s management outlines key initiatives for future growth. In a presentation to investors, analysts, and media representatives, CEO Thomas Hasler highlights how higher requirements for durability and circularity are changing the industry.
  • Media Release
  • 2024
  • August
  • Acquisition

Sika significantly expands its mortar production in Indonesia

Sika has more than doubled the production capacity at the Bekasi plant, its biggest manufacturing facility in Indonesia. Located near the capital city Jakarta, this site specializes in the production of mortars such as tiles adhesives, grouts, as well as wall and facade systems. With this expansion and its amplified distribution network, Sika is able to meet the rising demand from infrastructure, residential, and commercial projects in the fourth most populous country in the world.
  • Media Release
  • 2024
  • August

Sika acquires leading construction chemicals company in the Dominican Republic

Sika has acquired Vinaldom, S.A.S in the Dominican Republic. For decades, Vinaldom has been successfully serving the local market with high-quality products for concrete construction. The acquisition strengthens Sika’s position in the fast-growing Dominican market and offers significant cross-selling opportunities throughout the Caribbean region.
  • Media Release
  • Half-year Report
  • Financial
  • Ad hoc
  • 2024
  • July

Further expansion of market share - Sika posts record results in first half of the year

Ad hoc announcement pursuant to Article 53 of the Listing Rules of the SIX Exchange Regulation

▪ Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year
▪ Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%
▪ Material margin expands to 55.1% (first half of 2023: 52.7%)
▪ EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)
▪ Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million)
▪ Successful integration of MBCC with raised synergy guidance for the year (CHF 100-120 million)
▪ Acquisition of Kwik Bond, USA
▪ New plants opened in Peru and China
▪ Global employee survey confirms high engagement rate of 86%
▪ SBTi validation for Sika’s net-zero targets

Outlook for the 2024 fiscal year:
▪ 6-9% increase in sales in local currencies
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth
AD HOC
  • Media Release
  • 2024
  • June

Sika opened new state-of-the-art plant in northeast China

Sika opened a new plant in Liaoning, the largest province in northeastern China. This site will manufacture a full range of products, including mortars, tile adhesives, and waterproofing solutions. This highly efficient new plant enables Sika to meet the market demands, whilst significantly reducing logistical distances.
  • Media Release
  • 2024
  • May

Sika received SBTi validation for its net-zero targets

Sika’s near and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi)*. This important achievement underscores Sika’s commitment to sustainability and its proactive role in decarbonizing the construction and automotive industries.
  • Media Release
  • 2024
  • Financial
  • May

Sika successfully places CHF 400 million bond

Sika today successfully placed a bond with a total amount of CHF 400 million through a dual tranche. The payment date of the bonds is May 28, 2024. The bonds were placed under the lead management of BNP Paribas, UBS and Zürcher Kantonalbank. They will be listed on the SIX Swiss Exchange.
  • Media Release
  • New Plant
  • 2024
  • April

Sika opens macrofiber production hub in Peru to meet fast-growing demand in Latin America

Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
  • Media Release
  • April
  • 2024
  • Ad hoc
  • Financial

Strong start to the year: record sales and high, double-digit growth in the first quarter

Ad hoc announcement pursuant to Art. 53 LR

▪ High, double-digit growth of +20.1% in local currencies
▪ Q1 sales of CHF 2,648.0 million (+13.8% in CHF)
▪ Acquisition effect of 19.9%
▪ Negative currency effect of –6.3%
▪ Acquisition of Kwik Bond in the USA

Outlook for fiscal 2024 confirmed
▪ Sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA
▪ Confirmation of 2028 strategic targets for sustainable, profitable growth

AD HOC
  • Media Release
  • Acquisition
  • April
  • 2024

Sika acquires infrastructure refurbishment company in the United States

Sika has acquired Kwik Bond Polymers, LLC (KBP), a manufacturer of polymer systems for the refurbishment of concrete infrastructure. For over 30 years, KBP has focused on the refurbishment of bridge decks and has established an impressive track record in signature projects across the USA. The business perfectly complements Sika’s high value-added systems for the refurbishment of concrete structures.
  • Media Release
  • General Meeting
  • Ad hoc
  • 2024
  • March

Annual General Meeting approves Board of Directors' Proposals

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 56th Annual General Meeting of Sika AG on March 26, 2024
AD HOC
  • Media Release
  • General Meeting
  • February
  • 2024
  • Ad hoc

2024 Annual General Meeting of Sika AG

Ad hoc announcement pursuant to Art. 53 LR

▪ March 26, 2024 confirmed as date for the Annual General Meeting
▪ Except for the resigning Chair of the Board of Directors, Paul Hälg, all current members of the Board of Directors are standing for re-election
▪ The Board of Directors proposes to elect Thierry F.J. Vanlancker as new Chair of the Board of Directors and Thomas Aebischer as new member of the Board of Directors
▪ Gross dividend of CHF 3.30 per share proposed

AD HOC
  • Media Release
  • Annual Report
  • February
  • Financial
  • Ad hoc
  • 2024

Record Results for Sales, Cash Flow, and adjusted EBIT

Ad hoc announcement pursuant to Art. 53 LR

Results 2023
▪ Record sales of CHF 11,238.6 million (+7.1%), sales increase in local currencies of +14.5%
▪ Operating profit (EBIT) adjusted for one-time M&A effects increased to CHF 1,680.6 million (+12.7%), resulting in an EBIT margin of 15.0% (previous year: 14.2%)
▪ Operating profit (EBIT) reported at CHF 1,549.1 million (previous year: CHF 1,579.7 million)
▪ Record operating free cash flow up to CHF 1,372.7 million (+58.7%)
▪ Proposal for dividend increase to CHF 3.30 per share (previous year: CHF 3.20)
▪ Successful MBCC integration with synergies in the first 8 months of CHF 41 million
▪ 108 new patents and 188 new inventions registered
▪ Reduction of CO2eq emissions per ton sold by -4.4% (scope 1 and 2)

Outlook for 2024 fiscal year
▪ For the 2024 fiscal year, Sika is expecting sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA expected
AD HOC
  • Media Release
  • Financial
  • January
  • Ad hoc
  • 2024

Sika posts record sales of CHF 11.24 Billion in 2023 - Growth of 7.1% in CHF

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika posts record sales of CHF 11.24 billion in 2023
▪ Revenue growth of +7.1% in CHF (+14.5% in local currencies)
▪ High, negative foreign currency effect of -7.4% due to sharp appreciation of the Swiss franc
▪ Integration of MBCC on track with expected synergies of CHF 180–200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru) as well as a stake in start-up Concria Oy (Finland)
▪ New plants commissioned in Kharagpur (East India) and Chattanooga (Tennessee, USA) and expansion of two factories in Sealy (Texas, USA) and Kirchberg (Switzerland)
▪ Technology Center opened in Suzhou (China)

Outlook for fiscal 2023 confirmed:
▪ Over-proportional increase in EBIT excluding MBCC acquisition
▪ Operating free cash flow of over 10% (as % of net sales)
AD HOC
  • Media Release
  • New Plant
  • 2023
  • December

Sika Establishes Technology Hub for Shotcrete Accelerators and Invests in Switzerland

Sika has put into operation new production lines for the concrete admixture Sigunit® in Kirchberg, in the Canton of Berne, thereby investing in the expansion of manufacturing capacities in its home market. The shotcrete accelerator is mainly used in tunneling and excavation stabilization. Thanks to its new technology, now also manufactured in Switzerland, major infrastructure projects, such as the second Gotthard road tunnel and important tunnel projects in neighboring countries, will be supplied with the product even more efficiently. The high-performance technology and the shorter transportation routes will also reduce CO2 emissions, allowing construction projects to be delivered in a more sustainable way.
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