Industry News

17 key investments made in the period under review will drive future growth further forward. Since the targets for ‘Strategy 2018’ have been reached ahead of schedule, they are once again being raised.

Jan Jenisch, CEO at SIKA AG, commented: “We continued our growth strategy with great success in the 2016 business year, once again increasing both sales and earnings. Operating profit, net profit, and operating free cash flow reached new records. By opening nine new factories, establishing four more national subsidiaries, and acquiring four companies, we have laid the foundations for ongoing future growth. These 17 key investments; our well filled product pipeline; and our strong sales organisation; give us reason to look to the future with optimism. My thanks go to our global management team and our 17,419 employees, whose unfailing dedication and tremendous commitment have brought us another record year.”

All regions managed to lift sales and gain further market share. Strong, above average growth rates were recorded in the USA, Mexico, the UK, Africa, southeast Asia, Australia and the automotive segment. In cumulative terms and in local currencies, sales were up 5.5%. The strength of the Swiss Franc led to conversion effects of -0.8%, and thus to a 4.7% increase in sales in Swiss Franc terms to CHF 5.7 billion.