In a challenging market environment, Sika reports that its growth in all regions was stronger than the market in 2019.
Sika recently announced that it recorded double-digit growth and achieved a sales record of CHF 8.11 billion (approximately $8.3 billion) in the 2019 business year. This reportedly equates to an increase of 16.3% in local currencies, with the acquisition effect accounting for 13% and organic growth for 3.3%. Sales growth in CHF amounted to 14.4% (a negative 1.9% currency effect).
“With strong sales growth of 16.3% we exceeded our sales target for fiscal 2019 with a sales figure of CHF 8.11 billion,” said Paul Schuler, CEO. “We are also anticipating record figures for the operating result and profit. We will maintain our positive growth dynamic over the coming years. With our new Strategy 2023 we are moving the performance of our organization to the next level, and by consistently pursuing this strategic path we will be able to further exploit the business potential of our markets and generate sustainable, profitable growth. This latest record result was achieved thanks to the great dedication of our global workforce of more than 24,500 employees and their identification with Sika—I would like to thank them all.”