10/04/2022
The motto of Sika Capital Markets Day 2022, which takes place in Zurich today, is “Our Path to Net Zero”. Sika’s management team outlines the strategy that allows the company to maintain a high level of growth while achieving its net zero targets by 2050. In a presentation delivered to a 200-plus audience, CEO Thomas Hasler confirms the strategic attractiveness of the MBCC acquisition, and revises growth expectations upward for 2022.
Sustainability has been a key factor in Sika’s corporate strategy for over a decade. With its powerful capacity for innovation, Sika develops a range of sustainable solutions for the construction industry, as well as industrial applications for the automotive and other industries. The company is focused on innovating in a very targeted manner in order to achieve its net zero objectives.
"To tackle climate change is of central importance even in more demanding economic environments. Our clear goal is to continue growing sustainably, and deploy new innovations to decouple our growth from greenhouse gas emissions. We intend to use groundbreaking solutions that enable our customers to reduce their CO2 emissions. As a leading innovator, we can play a key role in enabling the achievement of net zero targets in our markets, which positions Sika very well for continued growth and for the future." Thomas Hasler, Chief Executive Officer
At Sika Capital Markets Day 2022, members of Group Management and Sika experts demonstrate how the company's innovations will accelerate the path to net zero, how the resilient and agile business model will generate sustainable growth, how forward-looking topics such as digitalization and automation will transform the construction industry, and the importance of electromobility, wind and solar energy in the development of future-oriented, smart cities.
Sika confirms the strategic fit of the MBCC acquisition. Unconditional approval has already been received from the authorities in most juristictions, including Japan, China, Brazil, South Africa, Saudi Arabia, Turkey, and Thailand. The acquisition is significantly value-enhancing and Sika confirms annual synergies of CHF 160–180 million. A process has been started to look for a competent buyer for part of MBCC’s admixture business.
For fiscal year 2022, Sika expects sales in local currencies to rise by over 15%, with an over-proportional increase in EBIT.
