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12
January
2021

Sales Growth of 3.4% in Local Currencies for 2020 – Strong Q4 Increase of 5.5%

12/01/2021
  • Media Release
  • Financial
  • 2021
  • January
▪ Sales increase of 3.4% in local currencies – 2020 sales at CHF 7.88 billion (–2.9% in CHF)
▪ Strong growth of 5.5% in the fourth quarter (organic: 4.1%)
▪ Completion of acquisition of Adeplast (Romania), takeover of Modern Waterproofing Group (Egypt), expansion of partnership with CiDRA Concrete Systems (United States)
▪ Establishment of new factories in Colombia and China, alongside factory expansions in the United Arab Emirates, France, and Switzerland
▪ For 2020, Sika is anticipating an over-proportional increase in EBIT and an EBIT margin of around 14%
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth