Sika recorded single-digit sales growth in the first half of 2019, posting a new sales record of over CHF 3.7 billion (approximately $3.73 billion).
Sika recently announced its financial results for the first six months of 2019. The group recorded single-digit sales growth in the first half of the year, posting a new sales record of over CHF 3.7 billion (approximately $3.73 billion). This equates to an increase of 9.6% in local currencies; sales growth in CHF amounted to 7.6% (- 2% currency effect).
“We are well-positioned in a commercially challenging environment, and achieved a strong sales growth of 9.6% in the first half of 2019,” said Paul Schuler, CEO. “We are enjoying a significant boost to growth thanks to the Parex acquisition, and are well on track to exceed the sales mark of CHF 8 billion [~ $8.1 billion]. Our collaboration during the integration process is working outstandingly, and we are exploiting our synergy potential in procurement, logistics, and production. Our joint distribution and cross-selling activities are already revealing the strength of our combined market presence.”