3/16/04 // Financial results 2003
Sika Headed for more growth
Net sales of the Sika Group advanced 6.9% in 2003 to reach CHF 2,268 m. Compared to the prior year currency-adjusted net sales were up 11.1%. Operating profit (EBIT) rose 12.9% from CHF 153 m to CHF 172 m. Consolidated net profit increased by 19.1% reaching CHF 94 m (previous year CHF 79 m).
At the Annual General Meeting on April 21, 2004 Sika’s Board of Directors will propose a repayment of the nominal value of 25%. In keeping with the proposal the repayment per bearer share amounts to CHF 15.— and per registered share to CHF 2.50.
Consequently, there will be a 60% higher amount per share paid to the shareholder, compared to the net dividend paid in the previous year of CHF 9.36 per bearer share and CHF 1.56 per registered share.