Sika continues growth in all regions
Sika Group posted net sales in 2007 near to CHF 4.6 billion. Sales in Swiss Francs were thereby 17.4% above the previous year. Organic growth accounted for 13.3%, acquisitions for 1.6% and 2.5% growth resulted from favourable currency effects.
During 2007 all regions registered solid growth rates. The new IMEA Region - India, the Mid-East, Africa - recorded the highest rate with 35.9% followed by Latin America with 24.7%.
Despite nervous construction markets caused mainly by the mortgage crises in the USA, sales of the Construction Division were still very strong. This was driven by unchanged demand in Sika's most important markets, the infrastructure, commercial and industrial construction sectors.
Sika's mid-term financial goal remains at 8-10% organic sales growth per annum, as previously communicated.
Further details on the reporting year 2007 will be announced at the annual media conference on February 26, 2008.
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Sika AG
Zugerstrasse 50
CH-6341 Baar, Switzerland
Contact: Rainer Weihofen,
Corporate Communications & Investor Relations
Corporate Communications & Investor Relations
Tel.: +41 41 768 68 00
Fax: +41 41 768 68 50
Sika AG - a corporate profile
Sika AG, located in Baar, Switzerland, is a globally active company supplying the specialty chemicals markets. It is a leader in processing materials used in sealing, bonding, damping, reinforcing and protecting load-bearing structures in construction (buildings and infrastructure construction) and in industry (vehicle, building component and equipment production).
Sika's product lines feature high-quality concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring and membranes. Subsidiaries in more than 70 countries worldwide and approximately 11,000 employees link customers directly to Sika and guarantee the success of all of its business relationships. With this business structure Sika generates annual sales near to CHF 4.6 billion. Visit our website at www.sika.com.
The media release can be downloaded from the following link:
