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

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Coronavirus CoverageNewsAdhesives and Sealants TopicsAdhesives & Sealants HeadlinesFinished Adhesives and Sealants

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

Sika’s sales for the first nine months of 2020 increased by 2.6% in local currencies to CHF 5.8 billion (approximately $6.4 billion).

October 30, 2020
KEYWORDS COVID-19 / financial results / general business
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Sika recently reported that it maintained its growth trajectory over the first nine months of 2020, despite the severe repercussions of the coronavirus pandemic, increasing sales by 2.6% in local currencies to CHF 5.8 billion (approximately $6.4 billion). The effect of acquisitions contributed 9.2% to the growth in sales.

Organic growth in the first nine months of 2020 was in negative territory, down 6.6%. A strongly negative currency effect (- 6%) caused sales in Swiss francs to decline by 3.4%; the latter figure reflects a currency loss of around CHF 357 million (~ $392.2 million).

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