Sika Reports Sales Increase of 7.9% for First Half of 2023
Sika continued its profitable growth in the challenging economic environment in the first six months of 2023. High inflation rates and the substantial rise in interest rates weighed on the construction industry, however, Sika increased sales in the first half of 2023 to a record CHF 5,345.5 million, up 1.8% year-over-year. In local currencies, this corresponds to a sales growth of 7.9%.
The first half of 2023 was dominated by the completion of the largest acquisition in the company’s history – the takeover of the MBCC Group. The successful acquisition has added additional annual sales of CHF 2.1 billion, many new innovations, and 6,000 new employees. The joint forces of the two businesses create a leading innovator in the construction chemicals market.