29 July 2016
DETAILS
NET PROFIT UP 24.8%
The positive margin development of the last five years
continued in the first half of 2016.
The Sika growth model, with its emphasis on
* volume growth together with
* disproportionately low cost development, resulted in
a further improvement in margins.
* A more stable exchange-rate situation and
* lower commodity prices
strengthened this effect, with the result that
operating profit, net profit, and cash flow
all posted new record values
in the first half of the year.
Operating profit (EBIT) improved by 22.6%
(+ CHF 65.1 million) to CHF 353.7 million
(previous year: CHF 288.6 million).
Net profit rose by as much as 24.8%
to CHF 246.3 million
(previous year: CHF 197.3 million).
Jan Jenisch,
CEO SIKA AG
“Our investment in new products, national subsidiaries
and the expansion of production capacity
is paying off.
All regions contributed to
the record result in the first half of 2016,
and with sales up by 7.6% we have continued
to deliver impressively on our growth strategy.
We posted double-digit growth rates
in the USA, Canada, Argentina, Chile, UK, Africa,
Southeast Asia, the Pacific area, and Automotive.
We have rigorously pursued our growth strategy,
with two additional national subsidiaries
and six new factories.
The commitment and performance of our employees
in what is now 95 countries
are the cornerstones of our success.
I would like to express my thanks
to our global team for their tremendous dedication
under partly difficult circumstances.
Thanks to this dedication and the strength
of our growth model, we can look forward to
the future and to the second half of 2016.”
VIEW SIKA H1 2016 FULL PRESENTATION
WWW.CHEMWINFO.COM BY KHUN PHICHAI
