Sika increases. The Zug-based construction chemicals and adhesives group has surpassed the record profit from the previous year. With the significantly higher turnover, the profits did not pay but the whole step.
Significantly higher raw material costs fell more than expected, as the company announced on Friday. In addition, costs were incurred once, such as for the settlement of the takeover dispute.
The sales were – as already on a provisional Basis in January, published by 13.4 percent to 7.09 billion Swiss francs. In Local currency (LC) sales grew by 13.6 percent. The operating result, or Ebit, rose by 5.5 percent to 945,9 million Swiss francs and a net profit of 5.9 per cent on 687,1 million.
lagging behind The winning numbers, therefore, sales. The are, nevertheless, values of both new record. “2018 was a historic year for Sika”, stated CEO Paul Schuler in the message. Sika have made its Growth even after the termination of the takeover dispute.
shareholders are set to benefit in the Form of a higher dividend. The Board of Directors proposes to increase this by 20 cents to 2.05 francs per share.
record greeting
The new record values will not come as a surprise. Already in January, Sika had made an Ebit in the range of 940 to 960 million francs in the offing.
With the Figures presented Sika has missed analysts ‘ expectations are still scarce. For the Ebit 892,7 million were in the average (AWP-consensus) and for the net profit 645,0 million francs.
For the current business year, Sika expects a sales growth of 6 to 8 percent, as well as from an above-average earnings growth. Depending on when in January it announced the purchase of the French mortar producer Parex is completed, it is to be expected with an annual turnover of more than 8 billion Swiss francs.
the objectives of the “strategy-2020 have been confirmed”. The new “strategy 2023” will be presented in October at an investor day.
Sika has presented the first financial statements, since the “Case was Saint-Gobain” ad acta. In may, the finished Sika, the family holding company Schenker-Winkler (SWH) and Saint Gobain for their long-standing dispute over the control of the company.
(oli/sda)
Created: 22.02.2019, 07:19 PM
