Sika reports record sales for 2024
Sika reports record sales of CHF 11.76 billion (around EUR 12.5 billion) for the past financial year (previous year: CHF 11.24 billion, around EUR 12 billion). In local currencies, this corresponds to an increase of 7.4%. Sales growth in Swiss francs totalled 4.7%. This figure includes a negative currency effect of -2.7%.
In local currency terms, the Americas region achieved an 11.2% increase in sales (previous year: 14.9%), according to Sika. The company has completed a major acquisition in the field of bridge rehabilitation in acquiring Kwik Bond, a US-based manufacturer of polymer systems for the renovation of concrete infrastructures. Sika also took over Vinaldom, an established family-run company in the Dominican Republic that produces high-quality product solutions for concrete construction. In Peru, Sika completed the acquisition of Chema, a leading manufacturer of mortar solutions with broad-based access to the distribution market.
According to Sika, the EMEA region (Europe, Middle East, Africa) reported a sales increase in local currencies of 7.3% (previous year: 14.8%). Sales in the Asia/Pacific region rose by 2.4% in local currencies (previous year: 15.2%). Sika has opened a state-of-the-art plant that produces mortar, tile adhesives, and sealant Solutions in Liaoning, China, and wants to benefit from local demand in the distribution business and generate future growth.
