Sika Third Quarter Sales Grow 6.7%
Sika recently announced that its net sales for the first nine months of 2013 were CHF 3,807.7 million (~ $4,174 million), a year-on-year increase of 6.7% in local currencies and 4.7% in Swiss francs. On net sales of CHF 1,822.5 million (~ $1,997 million), the Europe, Middle East and Africa region recorded local currency growth of 4.2% for the first nine months of 2013. Significant growth was reported in Middle Eastern and African emerging markets, as well as in Russia. Key market Germany also witnessed a moderate increase in infrastructure building.
“In the third quarter, our employees achieved the best quarterly result of the year, with growth in all regions and continually improving margins,” said Jan Jenisch, CEO. “This outstanding performance is broad-based. Our focus on building up the supply chains in all regions, the launch of innovative products in all target markets and investments in the emerging markets deliver convincing results.”
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