Adhesives Mag logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Adhesives Mag logo
  • NEW PRODUCTS
  • NEWS
    • Adhesives & Sealants Headlines
    • Mergers/Acquisitions
    • Market Trends
    • TOP 20
  • TOPICS
    • Finished Adhesives and Sealants
    • Pressure-Sensitive Adhesives (PSAs)
    • Coatings
    • Raw Materials and Chemicals
    • Materials Handling/Processing
    • Meter/Mix/Dispense
    • Curing
    • Testing/Quality Control
    • Packaging of Adhesives & Sealants
    • Converting/Packaging
    • Composites
    • Sustainability
  • EVENTS
    • MAX
    • Events Calendar
  • COLUMNS
    • European Perspectives
    • Strategic Solutions
    • Supply Chain Strategies
    • Tape Talk
  • MULTIMEDIA
    • Videos
    • Podcasts
    • Webinars
    • eBooks
  • EXPLORE
    • Adhesives in Action
    • Blog
    • ASI Store
    • Industry Links
    • Market Research
    • Classifieds
  • DIRECTORIES
    • Buyers' Guide
    • Global Adhesives & Sealants Directory
    • Raw Materials, Chemicals, Polymers and Additives Handbook
    • Equipment Handbook
    • Distributor Directory
  • EMAGAZINE
    • EMAGAZINE
    • ARCHIVE ISSUES
    • ADVERTISE
      • Custom Content & Marketing Services
    • CONTACT
  • SIGN UP!
NewsAdhesives and Sealants TopicsAdhesives & Sealants HeadlinesCoatingsFinished Adhesives and Sealants

Sika Achieves Record Sales in First Nine Months of 2019

Sika reports that the implementation of the group’s growth strategy will continue in 2019 with the opening of between seven and nine new factories.

Headlines 3
October 29, 2019

In the first nine months of 2019, Sika reported high growth and a new sales record of CHF 6 billion (approximately $6 billion). This equates to an increase of 15.1% in local currencies; the acquisition effect accounted for 11% and organic growth 4.1%. Sales growth in CHF amounted to 12.9% (-2.2% currency effect).

“Following strong sales growth of 15.1% and a solid organic growth in the third quarter, we are confident that we will exceed our sales target for fiscal 2019 of CHF 8 billion,” said Paul Schuler, CEO. “Particularly pleasing is the strong operating free cash-flow that we were able to achieve in the first nine months. The integration of Parex and the realization of our shared business potential is proceeding very successfully and at a good pace. Thanks to our recently announced Strategy 2023 we are pointing our already powerful organization to the next level, and will be implementing further initiatives to drive growth momentum, sustainability, and operational efficiency.”

In the EMEA region (Europe, Middle East, Africa), Sika reported a sales increase in local currency of 10.8% for the first nine months. This region recorded strong growth with double-digit growth rates in Africa and high-single-digit growth in Eastern Europe. In Belarus, Sika acquired Belineco, a specialist producer of polyurethane foam systems. Production capacity was expanded in Senegal, Egypt, Qatar, Serbia, and Cameroon, with new factories opened for the production of concrete admixtures and mortar.

The Americas region recorded sales growth of 18.1%. Growth accelerated in North America despite the ongoing shortage of skilled labor in the construction sector. Latin America reported healthy growth. Business development was above-average in Brazil, Colombia, and Peru. In Mexico, the repercussions of the change in government were noticeable in the implementation of infrastructure projects. In Canada, Sika acquired King Packaged Materials, a leader in concrete repair systems.

Growth in the Asia-Pacific region amounted to 31.1%, including the acquisition effect of the Parex takeover. The highest growth rates in Asia-Pacific were recorded in the Philippines, India, and China. In China, Sika took over Crevo-Hengxin, a manufacturer of silicon-based sealants and adhesives.

The Global Business segment recorded a growth rate of 3.6%. Sika generated further growth in the automotive area in the first nine months of the year, despite a significant decline in the production figures of automotive manufacturers around the world. The megatrends in modern automotive construction, which are dominated by electro-mobility and lightweight construction, are reportedly opening up new avenues of long-term growth potential for Sika thanks to new, lighter platforms with multi-material designs and new adhesive technologies, as well as heat management in modern battery technologies for electric vehicles.

For the 2019 financial year, Sika is expecting an increase in sales to more than CHF 8 billion (~ $8 billion), along with double-digit EBIT growth. Sika reports that the implementation of the group’s growth strategy will continue in 2019 with the opening of between seven and nine new factories. Activities to establish further growth platforms in the form of company acquisitions are continuously being pursued.  

Additional details are available at www.sika.com.

KEYWORDS: adhesives in automotive adhesives in electrical/electronic financial results general business lightweighting silicones

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • mouse in hole

    Using Foam Sealants for Pest Prevention

    According to the National Pest Management Association,...
    Adhesives and Sealants Topics
    By: Kevin Corcoran
  • linked network nodes

    Using the Power of AI for Adhesive and Sealant Formulation

    With the help of software solutions, adhesive formulators...
    Adhesives and Sealants Topics
    By: Karen Parker
  • top20-hero.jpg

    2024 ASI Top 20: Leading Global Manufacturers of Adhesives and Sealants

    ASI's annual ranking of the top 20 global adhesive and...
    Finished Adhesives and Sealants
Manage My Account
  • eMagazine Issues
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

More Videos

Popular Stories

ASI top 20 global manufacturers

2025 ASI Top 20: Leading Global Adhesives and Sealants Manufacturers

Image of scrabble pieces with pictures of people

Sika Purchases Construction Chemicals Company in Qatar

Photo of a person holding a tablet, reading a new story

Sika Strengthens Presence in China, Brazil and Africa

ASI Top 20 website

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Structural Adhesives: Properties, Characterization and Applications

Structural Adhesives: Properties, Characterization and Applications

See More Products

ASI CASE EBOOK

Related Articles

  • image of a graph representing markets

    Sika Posts Record Sales for First Nine Months of 2024

    See More
  • market trends-2

    Sales Increase 18% for Sika in First Nine Months of 2021

    See More
  • chart

    Acquisitions Help Drive Results for Sika in First Nine Months of 2020

    See More

Related Directories

  • Sika Corp.

    Manufacturer of premier adhesives and sealants meeting high performance demands of customers for OEM assembly operations, field installation, and service applications in multiple industries.
×

Keep the info flowing with our eNewsletters!

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey & Sample
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Youtube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing