Sika: targets 2024 sales growth of 6% to 9%
(CercleFinance.com) - Sika has announce 9m sales of 8,914.
9m CHF (vs. 8,449.2m CHF a year ago), up 9.1% in local currencies. Sales growth in Swiss francs amounted to 5.5%.
Sika posted EBITDA of 1,701.7m CHF (2023: 1,502.7m CHF), up 13.2%. Its EBITDA margin increased to 19.1% (vs. 17.8% a year ago).
This is mainly due to the large number of infrastructure projects, relocation activities in the North American economy, and strong demand for semiconductor plants and data centers. We are on track for a record year and are in an excellent position to gain further market share and increase our profitability in the future, it said.
Sika expects 2024 sales growth in local currencies of 6% to 9%, with stronger growth in EBITDA.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
9m CHF (vs. 8,449.2m CHF a year ago), up 9.1% in local currencies. Sales growth in Swiss francs amounted to 5.5%.
Sika posted EBITDA of 1,701.7m CHF (2023: 1,502.7m CHF), up 13.2%. Its EBITDA margin increased to 19.1% (vs. 17.8% a year ago).
This is mainly due to the large number of infrastructure projects, relocation activities in the North American economy, and strong demand for semiconductor plants and data centers. We are on track for a record year and are in an excellent position to gain further market share and increase our profitability in the future, it said.
Sika expects 2024 sales growth in local currencies of 6% to 9%, with stronger growth in EBITDA.
Copyright (c) 2024 CercleFinance.com. All rights reserved.