2024 Annual General Meeting of Sika AG
02/23/2024
Ad hoc announcement pursuant to Art. 53 LR
▪ March 26, 2024 confirmed as date for the Annual General Meeting
▪ Except for the resigning Chair of the Board of Directors, Paul Hälg, all current members of the Board of Directors are standing for re-election
▪ The Board of Directors proposes to elect Thierry F.J. Vanlancker as new Chair of the Board of Directors and Thomas Aebischer as new member of the Board of Directors
▪ Gross dividend of CHF 3.30 per share proposed
AD HOC
Record Results for Sales, Cash Flow, and adjusted EBIT
02/16/2024
Ad hoc announcement pursuant to Art. 53 LR
Results 2023
▪ Record sales of CHF 11,238.6 million (+7.1%), sales increase in local currencies of +14.5%
▪ Operating profit (EBIT) adjusted for one-time M&A effects increased to CHF 1,680.6 million (+12.7%), resulting in an EBIT margin of 15.0% (previous year: 14.2%)
▪ Operating profit (EBIT) reported at CHF 1,549.1 million (previous year: CHF 1,579.7 million)
▪ Record operating free cash flow up to CHF 1,372.7 million (+58.7%)
▪ Proposal for dividend increase to CHF 3.30 per share (previous year: CHF 3.20)
▪ Successful MBCC integration with synergies in the first 8 months of CHF 41 million
▪ 108 new patents and 188 new inventions registered
▪ Reduction of CO2eq emissions per ton sold by -4.4% (scope 1 and 2)
Outlook for 2024 fiscal year
▪ For the 2024 fiscal year, Sika is expecting sales growth in local currencies of 6–9%
▪ Over-proportional increase in EBITDA expected
AD HOC
Sika posts record sales of CHF 11.24 Billion in 2023 - Growth of 7.1% in CHF
01/10/2024
Ad hoc announcement pursuant to Art. 53 LR
▪ Sika posts record sales of CHF 11.24 billion in 2023
▪ Revenue growth of +7.1% in CHF (+14.5% in local currencies)
▪ High, negative foreign currency effect of -7.4% due to sharp appreciation of the Swiss franc
▪ Integration of MBCC on track with expected synergies of CHF 180–200 million
▪ Acquisition of Thiessen Team (USA) and Chema (Peru) as well as a stake in start-up Concria Oy (Finland)
▪ New plants commissioned in Kharagpur (East India) and Chattanooga (Tennessee, USA) and expansion of two factories in Sealy (Texas, USA) and Kirchberg (Switzerland)
▪ Technology Center opened in Suzhou (China)
Outlook for fiscal 2023 confirmed:
▪ Over-proportional increase in EBIT excluding MBCC acquisition
▪ Operating free cash flow of over 10% (as % of net sales)
AD HOC
Sika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and automotive industry. Sika has subsidiaries in 103 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and vehicle industries toward greater environmental compatibility. With more than 33,000 employees, the company generated sales of
CHF 11.2 billion in 2023.
To serve the clients who visit Manufaktura commercial center in Łódź, the investor decided to construct an additional 12,000 m² large parking deck in the area. The main requirements of this project were high crack bridging ability even at low temperatures and a fast curing solution due to the unstable weather conditions in the area.
The new structure of the bridge is designed to meet current seismic codes. More than 120 tons of Sikadur®-31 SBA were “smeared” to each side of each precast segment prior to final placement and tensioning. Over 200’000 bags of SikaGrout®-300 PT where supplied to fill the ducts containing the post-tensioned cables.
Since several years Märker trusts the quality of SikaGrind®-870, a cement additive which is based on the Sika® ViscoCrete® technology. The integrated cement plant in Harburg and the grinding station in Lauffen produce all cement types which are relevant in the market. The product portfolio covers the complete application spectrum and Märker is able to provide cement in the market of South Germany.
The Crayola Experience, which opened this past summer in Orlando, Florida, is a place where children can discover “the magic of color.” There are 25 interactive attractions and children are encouraged to play, explore, and learn. Sika supplied Sika ComfortFloor® PS-23 system in 2015 to this 30,577 square feet project.
