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11
November
2021

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

AD HOC
11/11/2021
  • Media Release
  • Acquisition
  • 2021
  • November
  • Ad hoc
▪ 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
22
October
2021

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

AD HOC
10/22/2021
  • Media Release
  • Nine Months Report
  • October
  • 2021
  • Financial
  • Ad hoc
▪ 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
07
October
2021

Sika Demonstrates Proof of Concept of Concrete Recycling - Strategic Targets for 2023 Confirmed at Capital Markets Day in Zurich

10/07/2021
  • Media Release
  • Capital Markets Day
  • 2021
  • October
At the Sika Capital Markets Day 2021 being held in Zurich today, CEO Thomas Hasler confirms the strategic targets 2023. Under the motto: "Sika as Enabler for a Sustainable Construction Industry", members of Group Management and Sika experts demonstrate the groundbreaking Sika concrete recycling process at a test facility in Zurich. The new reCO2ver concept can be considered a breakthrough in concrete recycling and has the potential to significantly contribute to a more sustainable and circular economy. Furthermore, Sika demonstrates how to further drive the decarbonization of the construction industry, and how innovations meet the challenges of tomorrow.
22
July
2021

Record Results in First Half of 2021 - Strong Growth in Sales and EBIT

AD HOC
07/22/2021
  • Media Release
  • Half-year Report
  • Financial
  • 2020
  • July
  • Ad hoc
▪ Sales increase of 23.5% in local currencies
▪ First-half sales at CHF 4,448.7 million (+23.1% in CHF)
▪ Operating profit (EBIT) at CHF 685.9 million (+67.2%)
▪ Record EBIT margin at 15.4%
▪ Operating free cash flow increase at CHF 318.4 million (+26.4%)
▪ Acquisition of Kreps (Russia), DriTac (USA), BR Massa (Brazil), and Hamatite (Japan)
▪ Outlook for 2021 fiscal year
▪ Growth in local currencies of 13%–17% (previously: double-digit sales growth in local currencies)
▪ 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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