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    SIKA   CH0418792922

SIKA AG

(SIKA)
  Report
Delayed Quote. Delayed Swiss Exchange - 12/01 11:31:01 am
364.4 CHF   +1.03%
06:43aBaader Helvea Lifts Price Target on Sika, Maintains Add Recommendation
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Sika : on Track to Set Records After First Nine Months - Strong Growth in Sales and EBIT

10/22/2021 | 04:04am EST

SIKA ON TRACK TO SET RECORDS AFTER FIRST NINE MONTHS - STRONG GROWTH IN SALES AND EBIT

SIKA COMPANY PRESENTATION

OCTOBER 22, 2021

1. NINE-MONTH RESULTS 2021

RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021

GROWTH IN LOCAL CURRENCIES OF 18.1% - EBIT-GROWTH OF 32.2%

  1. Sales and profit
    • Sales growth of 18.1% in local currencies. Record sales of CHF 6,862.7 million (+18.2% in CHF).
    • Record operating profit (EBIT) at CHF 1,054.0 million (+32.2%), EBIT-margin at 15.4%
  2. Change in Group Management
    • Patricia Heidtman as new Chief Innovation and Sustainability Officer
  3. Key investments
    • Seven acquisitions realized: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
    • Investments in two factories: expansion of additive production for shotcrete in Sweden, expansion of concrete admixture production and launch of epoxy resin production in Qatar
  4. Outlook for 2021 confirmed
    • Growth in local currencies of 13%-17%
    • Over-proportionalincrease in EBIT, EBIT margin to reach 15% for first time, despite challenging raw material price development and supply chain restrictions
    • Confirmation of 2023 strategic targets for sustainable, profitable growth

3

RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021 REALIZED ACQUISITIONS

Acquisition of Kreps, Russia

Acquisition of BR Massa, Brazil

Acquisition of DriTac, USA

Acquisition of Hamatite, Japan

(February 2021)

(March 2021)

(March 2021)

(April, Closing in Q4 2021)

Acquisition of American

Acquisition of Bexel, Mexico

Acquisition of Landun, China

Hydrotech, North America (July

(August 2021)

(August 2021)

2021)

4

RECORD RESULTS IN THE FIRST NINE MONTHS OF 2021 KEY FIGURES

in CHF mn

2020

2021

%

Net sales

5,805.5

6,862.7

+18.2%

Gross results as % of net sales

54.6

52.6

EBITDA

1,071.4

1,327.5

+23.9%

EBIT

797.1

1,054.0

+32.2%

Net profit

561.5

765.1

+36.3%

5

Disclaimer

Sika AG published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 08:03:14 UTC.


© Publicnow 2021
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Financials
Sales 2021 9 144 M 9 937 M 9 937 M
Net income 2021 1 040 M 1 130 M 1 130 M
Net Debt 2021 2 376 M 2 582 M 2 582 M
P/E ratio 2021 52,2x
Yield 2021 0,85%
Capitalization 51 170 M 55 497 M 55 607 M
EV / Sales 2021 5,86x
EV / Sales 2022 5,31x
Nbr of Employees 25 274
Free-Float 94,5%
Chart SIKA AG
Duration : Period :
Sika AG Technical Analysis Chart | SIKA | CH0418792922 | MarketScreener
Technical analysis trends SIKA AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 360,70 CHF
Average target price 402,62 CHF
Spread / Average Target 11,6%
EPS Revisions
Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hälg Chairman
Raffaella Marzi Head-Human Resources & Compliance
Daniel J. Sauter Independent Director
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