Business
SIKA IS GENERATING GROWTH IN Q1 DESPITE UNPREDICTABLE MARKETS AND CONTINUES INVESTING WORLDWIDE
Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules SIKA IS GENERATING GROWTH IN Q1 DESPITE UNPREDICTABLE MARKETS AND CONTINUES INVESTING WORLDWIDE Growth in local currencies of +1.9% (growth in CHF: +1.1%)Q1 sales of CHF 2,678.3 million (previous year: CHF 2,648.0 million)Organic growth of 0.9%Acquisition effect of 1.0%Targeted investment in future growth Acquisition of Elmich (Singapore), Cromar (UK), and HPS (USA)Opening of new factories in Singapore, Xi’an
About this update from Sika Ag
[{"type":"image","alt":"Sika AG","displaySize":"","headline":null,"caption":"Sika AG","className":"","disableSlideshowImg":false,"size":{"original":{"width":232,"height":116,"url":"https://media.zenfs.com/en/globenewswire.com/0e976320bf4b5cd126968fc0b0cafbfc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WX9x1wtkTHkJDn8LJZNVNA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/0e976320bf4b5cd126968fc0b0cafbfc","width":232,"height":116}},"lazy":false},{"type":"text","content":"Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules","length":87,"tagName":"p"},{"type":"text","content":"SIKA IS GENERATING GROWTH IN Q1 DESPITE UNPREDICTABLE MARKETS AND CONTINUES INVESTING WORLDWIDE","length":95,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Growth in local currencies of +1.9% (growth in CHF: +1.1%)","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1 sales of CHF 2,678.3 million (previous year: CHF 2,648.0 million)","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Organic growth of 0.9%","length":22,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquisition effect of 1.0%","length":26,"tagName":"p"}]},{"val":[{"type":"text","content":"Targeted investment in future growth","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquisition of Elmich (Singapore), Cromar (UK), and HPS (USA)","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Opening of new factories in Singapore, Xi’an (China), Quito (Ecuador), and Ust-Kamenogorsk (Kazakhstan)","length":103,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":164,"olType":false}]},{"val":[{"type":"text","content":"Outlook for fiscal 2025:","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sika confirms the outlook, but points to increased market uncertainties arising from potentially prolonged trade conflicts","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"Expected sales increase in local currencies of 3-6% ","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"Over-proportional increase in EBITDA and EBITDA margin of between 19.5%-19.8%","length":77,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":250,"olType":false}]},{"val":[{"type":"text","conten...