Sika Sees Sales Growth Across All Regions in 2022 First Quarter
Despite supply shortages in raw materials and a highly inflationary environment, Sika reported increased sales in the first quarter of 2022, posting a new record figure of nearly CHF 2.4 billion (approximately $2.6 billion). This equates to an increase of 21.9% in local currencies compared to the previous year. Sika reports that all regions were able to tap into the dynamic momentum of the construction economy and contribute to the strong sales growth.
Sales growth in Swiss francs amounted to 20%, which includes a negative currency effect of 1.9%, while the acquisition effect was 4.3%. Organic growth in the first quarter amounted to 17.6%.