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    SIKA   CH0418792922

SIKA AG

(SIKA)
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Sika : Celebrating a Successful Integration

08/24/2021 | 06:54pm EDT
Dear Friends

It has now been one year since we officially closed the Parex acquisition on May 23, 2019.
Since then we have seen great work across all companies, ranks, and Target Markets. Teamwork has been demonstrated in an unprecedented manner and everybody is working towards the same goal - to be one successful company and to achieve outstanding results.

More than 500 initiatives are being tracked. These initiatives ensure the full exploitation of the synergy potential, with forecast synergies of CHF 80-100 million in the upper range of the bandwidth. In procurement alone, our secured savings have already reached CHF 14 million.

At closing, 38 brands were added to the Sika portfolio, amongst them successful brands such as Davco, Revear, Klaukol, Parexlanko, and Seifert. The integration work has started strongly and the dual branding has already been introduced. We are seeing new initiatives everywhere: 34 new products launched in more than 10 countries, 48% of the total synergy initiatives are in cross-selling, and more than 35 initiatives for operational synergies have been started.

Congratulations to the countries for the excellent progress made to date. Despite the ongoing pandemic, your work has been even faster and more focused. Everyone has demonstrated great teamwork and a strong determination to overcome the numerous challenges. This commitment will ensure our common future success. Let's welcome all Parex employees to our Sika family!

Paul Schuler

CEO

Disclaimer

Sika AG published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 22:53:07 UTC.


© Publicnow 2021
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Analyst Recommendations on SIKA AG
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Financials
Sales 2021 9 178 M 9 991 M 9 991 M
Net income 2021 1 060 M 1 154 M 1 154 M
Net Debt 2021 2 388 M 2 600 M 2 600 M
P/E ratio 2021 44,3x
Yield 2021 0,98%
Capitalization 44 385 M 48 362 M 48 316 M
EV / Sales 2021 5,10x
EV / Sales 2022 4,61x
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
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 313,80 CHF
Average target price 357,43 CHF
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Thomas Hasler Chief Executive Officer
Adrian Widmer Group Chief Financial Officer
Paul Johann Hälg Chairman
Frank Höfflin Chief Technology Officer
Raffaella Marzi Head-Human Resources & Compliance
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