Sika has subsidiaries in 101 countries around the world and manufactures in over 300 factories. The company carries out its worldwide activities according to regions which determine the segments of the reporting. The regional breakdown is based on unified economic areas and supply chain structures. Overarching leadership responsibility ensures integrated management from production to the customer.   

North America and Latin America are summarized under the region Americas. In 2020, the Americas region recorded a sales increase in local currencies of 1.0% (previous year: 19.2%). Despite the high COVID-19 infection rates recorded in Mexico, Brazil, and the United States, Sika recorded an uptrend in the Americas region in the last quarter of 2020. Many cities in North America continue to be affected by the pandemic and construction projects have slowed. The situation in Latin America has seen a clear improvement. Many countries such as Brazil, Chile, Peru, and Uruguay have recovered from lockdowns lasting many months, or are once again growing at double-digit rates. In North America, the company’s collaboration with CiDRA Concrete Systems Inc., which is headquartered in Eden Prairie, Minnesota, was expanded, and a growth equity investment agreement to supplement the existing global partnership was signed. CiDRA specializes in digital systems for monitoring concrete properties during transportation.

 

Key figures 2020:

Net sales: CHF 1,996 million
EBIT: CHF 344 million
EBIT margin: 17.2%
Employees: 5,139

Key investments in 2020:

Expansion of partnership with CiDRA Concrete Systems

The region EMEA covers Europe, Middle East, and Africa. In 2020, the EMEA region reported a sales increase in local currencies by 4.4% in 2020 (previous year: 11.6%). A strong improvement has started to become apparent in the markets in the fourth quarter in particular. In Egypt, Sika acquired a leading manufacturer of roofing and waterproofing systems in the form of the Modern Waterproofing Group. In addition, the completion of the acquisition of Adeplast SA also brought a renowned manufacturer of mortar products and thermal insulation solutions based in Romania into the Group. Production capacity was also expanded in France, Switzerland and United Arab Emirates.

Key figures 2020:

Net sales: CHF  3,410 million
EBIT: CHF 559 mill
EBIT margin: 16.4%
Employees: 10,533

 

Key investments in 2020:

Acquisition of Modern Waterproofing Group and Adeplast SA

The region Asia / Pacific incorporates East Asia, Southeast Asia, the Pacific area, and India. In 2020, growth in the Asia/Pacific region amounted to 12.6% (previous year: 35.1%). China in particular performed impressively over the last few months, recording double-digit organic growth rates, and most target markets are now back on a clear growth trajectory. Australia was additionally able to contribute to the positive business development of this region. Sika has further expanded its capacity in the fast-growing mortar market in China with the commissioning of a new factory in Chengdu.

 

Key figures 2020:

Net sales: CHF 1,696 million
EBIT: CHF 281 million
EBIT margin: 16.5%
Employees: 6,097

Key investments in 2020:

New factory in China

The segment comprises the globally managed Automotive business plus Advanced Resins (formerly Axson Technologies) and Faist ChemTec, both established suppliers of components and solutions to the automotive sector and other industries. In 2020, Sika Global Business recorded a sales decline of -11.4% in 2020 (previous year: +3.0%). Despite the pandemic-related decline in sales figures during the crisis year of 2020, Sika is convinced that the megatrends shaping modern automotive construction – which include e-mobility, further new drive concepts, and the trend toward lightweight construction – will help the Group to capture additional market share and generate profitable longterm growth.

 

Key figures 2020:

Net sales: CHF 776 million
EBIT: CHF 74 million
EBIT margin: 9.5%
Employees: 2,435