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STRONG GROWTH MOMENTUM: ALL REGIONS WITH DOUBLE-DIGIT SALES GROWTH IN THIRD QUARTER

Posted By ASC, Tuesday, November 11, 2014
Updated: Thursday, May 7, 2015
Sika Corporation is reporting strong growth in the third quarter. CEO Jan Jenisch reported, “We achieved further strong growth in the third quarter and, despite challenging market conditions worldwide, increased sales by over 11% and posted an above-average rise in net profit." This growth keeps Sika on track to meet the financial targets put forth in their Strategy 2018 plan. All regions contributed to this success with visible growth in the Middle East and Africa, economic recovery in the southern European markets, and substantially increased sales in North America and the Asia/Pacific markets. Sika's growth also featured some notable expansions. In Brazil, Indonesia, India and Serbia new factories were opened. In the US, two production facilities were built—one for concrete admixtures and the other for mortar. On the heels of this success, Sika continues to invest in growth markets and release new products. The company projects total sales growth in 2014 at 9% - 11% in local currencies.
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