Sika increases sales in local currencies by more than 10 percent
Sika AG /
Sika increases sales in local currencies by more than 10 percent
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Sika achieved net sales of CHF 4.4 billion in business year 2010. Sales in local
currencies thereby increased by more than 10%. Sika grew in all market Regions.
Emerging markets advanced strongly, particularly the Regions Asia/Pacific, with
41.4% growth in local currencies, and Latin America, with 18.0% growth.
Sika achieved net sales of CHF 4.4 billion in business year 2010. The company
grew organically by 6.1%; acquisitions contributed another 4.1%. Currency
translation effects amounted to -3.9%.
Regions developed variously in 2010. In the more mature, higher turnover Regions
of Europe and North America, markets recovered slowly, while in emerging markets
growth was strong during the whole year. Individual Regions achieved the
following growth figures in local currencies: Europe North 4.6%, Europe South
1.7%, North America 8.5%, Latin America 18.0%, IMEA (India, Middle East, Africa)
9.5%, Asia/Pacific 41.4%. Particularly developments in the Regions North America
and Asia/Pacific are additionally influenced by acquisitions.
The growth increases that Sika achieved in emerging markets boosted the
proportion of sales of these countries within the Group to 36%.
Sales of products for the building and construction industry rose in business
year 2010 by 8.7% in local currencies, acquisitions contributed 4.9%. Growth in
sales of products for industrial manufacturing was 16.7% in local currencies,
while acquisitions brought 0.6%.
Sika AG Contact: Dominik Slappnig
Zugerstrasse 50 Corporate Communications & Investor Relations
CH-6341 Baar, Switzerland Tel.: +41 58 436 68 21
www.sika.com Fax: +41 58 436 68 50
slappnig.dominik@ch.sika.com
Sika AG Corporate Profile
Sika AG, located in Baar, Switzerland, is a globally active specialty chemicals
company. Sika supplies the building and construction industry and manufacturing
industries (vehicles, appliance and building component manufacturing). Sika is a
leader in processing materials used in sealing, bonding, damping, reinforcing
and protecting load-bearing structures. Sika's product lines feature high-
quality concrete admixtures, specialty mortars, sealants and adhesives, damping
and reinforcing materials, structural strengthening systems, industrial flooring
as well as roofing and waterproofing systems. Worldwide local presence in 74
countries and some 13,500 employees link customers directly to Sika and
guarantee the success of all partners. Sika generates annual sales of CHF 4.4
billion. Visit our website atwww.sika.com.
The media release can be downloaded from the following link:
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Sika AG
Zugerstrasse 50 Baar
WKN: 858573;ISIN: CH0000587979;
Media Release:
http://hugin.info/100359/R/1478558/414377.pdf
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Source: Sika AG via Thomson Reuters ONE
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