Media Releases

Sika is bringing a new manufacturing plant for concrete admixtures on stream in Stafford, Virginia. With the opening of the plant near Washington D.C., Sika is increasing its production capacity in the important American construction market so that it can readily satisfy the strong demand in the Northeast and Mid-Atlantic regions. With over 75 million inhabitants, the urban centers in the Northeast, like New York, Philadelphia, or Boston, are very densely populated and account for more than 25% of US economic output. The new plant is well positioned to support the additional needs of the announced infrastructure program of CHF 200-250 billion in the aforementioned two regions.

Sika has acquired United Gilsonite Laboratories (UGL) in the United States, a well recognized manufacturer of products for consumer and DIY waterproofing applications. Their product portfolio is sold through the distribution channel and can be found in major retailers in the USA. The acquired business is a perfect complement to Sika’s high value-added systems for concrete and masonry waterproofing and refurbishment. In 2021, UGL generated sales of CHF 65 million.

Sika has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

Sika has agreed to sell Aliva Equipment, a Swiss unit supplying machines for the application of shotcrete, to Normet Group Oy, a Finnish global company providing solutions for underground construction. In 2021, Aliva Equipment generated sales of CHF 12 million.

Ad hoc announcement pursuant to Art. 53 LR

At the 54th Annual General Meeting of Sika AG on April 12, 2022, all proposals of the Board of Directors were approved

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales increase in local currencies of 21.9%
▪ First quarter sales of CHF 2,398.2 million (+20.0% in CHF)
▪ Negative currency effect of –1.9%
▪ Opening of new plants in Tanzania and Ivory Coast

Outlook for fiscal 2022 confirmed
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

▪ The Board of Directors confirms April 12, 2022 as date for the Annual General Meeting
▪ Based on the Ordinance of the Federal Council on measures to prevent Coronavirus, it will not be possible for shareholders to physically attend the Annual General Meeting
▪ Shareholders are asked to cast their vote through the independent proxy
▪ All current members of the Board of Directors, other than Daniel J. Sauter and Christoph Tobler, are standing for re-election
▪ The Board of Directors further proposes to elect Lucrèce Foufopoulos-De Ridder and Gordana Landen to the Board of Directors

Sika acquires Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada. Headquartered in Pont Rouge, close to Québec City, the complementary acquisition will open up new opportunities for Sika in the Eastern region of Canada and clearly improve Sika’s access to the retail distribution channel. The acquired business generates annual sales of CHF 20 million.

Ad hoc announcement pursuant to Art. 53 LR

Results 2021
▪ Sales of CHF 9,252.3 million (+17.5%), sales increase in local currencies of +17.1%
▪ EBITDA increased to CHF 1,758.0 million (+17.4%)
▪ Operating profit (EBIT) increased to CHF 1,391.4 million (+23.1%), resulting in an EBIT margin of 15.0% (previous year: 14.4%)
▪ Net profit up to CHF 1,048.5 million (+27.1%)
▪ Reduction of CO2eq emissions by -10.1% to 17.6 kg per ton sold
▪ Proposal for dividend increase of 16.0% to CHF 2.90 per share (previous year: CHF 2.50)

Outlook for 2022 fiscal year
▪ Sales increase in local currencies by well over 10%, surpassing CHF 10 billion for the first time
▪ Over-proportional increase in EBIT
▪ Closing of MBCC acquisition remains targeted for the second half of 2022
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth
▪ New sustainability targets to be presented at Capital Markets Day on September 30, 2022

Sika performed well in a challenging environment in 2021, once again demonstrating the strengths of its business model. Despite the ongoing COVID-19 pandemic and bottlenecks in the procurement of raw materials, sales rose significantly by 17.5% to a record CHF 9,252.3 million. As the company implemented price increases and followed disciplined cost management, operating profit (EBIT) went up by an over-proportional 23.1%, hitting a new record figure of CHF 1,391.4 million. This equates to an EBIT margin of 15.0% compared to 14.4% the previous year. In keeping with this development, net profit rose sharply by 27.1% to an overall CHF 1,048.5 million (previous year: CHF 825.1 million).

Sika has moved into a new site in the East African country of Tanzania and is now locally producing mortars in addition to concrete admixtures. The site also offers space for further growth in operations. Sika has likewise increased the size of its plant in Western Africa’s Ivory Coast: A site that is now double the size compared to before is home to new warehousing capacities and offices, as well as to laboratories and additional manufacturing facilities. With these investments, Sika has positioned itself for further dynamic growth in the two African countries.

At an Extraordinary General Meeting, Sika’s shareholders approved the increase of conditional capital. Sika recommends the election of Gordana Landen to the Board of Directors at the next Annual General Meeting, to be held on April 12, 2022.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales increase of 17.1% in local currencies – 2021 sales at CHF 9.24 billion (+17.3% in CHF)
▪ Additional growth platforms created through seven acquisitions: Kreps (Russia), DriTac (USA), BR Massa (Brazil), Hamatite (Japan), American Hydrotech (USA), Bexel (Mexico), and Landun (China)
▪ Signing of MBCC Group takeover agreement – closing planned for second half of 2022
▪ Expansion of production sites in Stockholm (Sweden) and Doha (Qatar), commissioning of new production sites in Jiaxing City (China) and Pune (India), establishment of a new national subsidiary in Ghana
▪ Over-proportional increase in EBIT and EBIT margin of 15% anticipated for 2021
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

On January 25, 2022, an extraordinary shareholders' meeting of Sika will be held. The Board of Directors proposes to the extraordinary general meeting to increase the existing conditional capital from currently CHF 155,893.20, corresponding to 15,589,320 registered shares with a par value of CHF 0.01 each, to CHF 187,893.20, corresponding to 18,789,320 registered shares with a par value of CHF 0.01 each and to amend the respective clause of the Articles of Association accordingly.

Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra. Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market. On its three new production lines, Sika mainly manufactures products for the transportation, construction, and renewable energy sectors.