Sika has subsidiaries in 101 countries around the world and manufactures in over 200 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.  Since 2015 11 new subisiaries and 37 new plants were opened, 2,779 employees joined the company, 302 patents have been filed and 20 acquisitions completed. 

North America and Latin America are summarized under the region Americas. In 2018, sales growth in the newly set up Americas region amounted to 11.7% (previous year: 12.6%). Investment in the country’s rapidly growing metropolitan areas was the driving force behind double-digit growth in the United States. Business performance in Brazil and Colombia was higher than average. The organizational amalgamation of the formerly separate North America and Latin America regions to form the larger Americas region resulted in improvements through various new initiatives in procurement, innovation, talent development, and operations.

 

Key figures 2018:

Net sales: CHF 1,821 million
EBIT: CHF 300 million
EBIT-margin: 16.5%
Employees:4,147

Key investments since 2015:

9 new plants
3 new subsidiaries
8 acquisitions
+11.7% growth in local currencies 2018

The region EMEA covers Europe, Middle East, and Africa. In 2018, Sika’s sales in the EMEA region (Europe, Middle East, Africa) were up by 14.1% in local currencies (previous year: 7.5%). The core markets of Spain and the UK recorded high single-digit growth, while double-digit rates were achieved in Eastern Europe. In particular, the recently founded national subsidiaries contributed to double-digit growth in Africa. All Sika’s target markets contributed to the good result with high single-digit rates of organic growth.

 

Key figures 2018:

Net sales: CHF  3,167.6 million
EBIT: CHF 435 million
EBIT-margin: 13.7%
Employees: 8,816

Key investments since 2015:

19 new plants
6 new subsidiaries
8 acquisitions
+14.1% growth in local currencies 2018

The region Asia / Pacific incorporates East Asia, Southeast Asia, the Pacific area, and India. In 2018, Sika’s sales in the Asia/Pacific region rose by 5.5% (previous year: 5.4%). The region’s organic growth during the fourth quarter of 2018 reached 7.5%, the highest quarterly figure for the past three years. India, Indonesia, and China recorded the strongest growth rates. The national subsidiary established by Sika in Bangladesh in 2017 has already made a name for itself as a leading supplier of high-performance system solutions in major infrastructure projects such as expressways, railway lines, and energy supply facilities.

 

Key figures 2018:

Net sales: CHF 1,177 million
EBIT: CHF 217 million
EBIT-margin: 18.4%
Employees: 3,931

Key investments since 2015:

7 new plants
2 new subsidiaries
2 acquisitions
+5.5% growth in local currencies 2018

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 2018, Sika’s growth in the new Global Business segment was 29.2% (previous year: 11.5%), of which 23.1% is attributable to the acquisition of Faist ChemTec. Overall, Sika continued to gain market share in the automotive sector in 2018, while projects in hand for 2019 reached new record levels. Sika’s product technologies for lightweight construction and electromobility are among those that harbor strong growth potential, alongside its comprehensive acoustic solutions for modern vehicle construction. Sika is set to benefit substantially from the megatrend toward electromobility and aims to increase its sales per vehicle by 20% compared to the content in conventionally powered cars.

 

Key figures 2018:

Net sales: CHF 920 million
EBIT: CHF 132 million
EBIT-margin: 14.3%
Employees: 2,472

Key investments since 2015:

2 new plants
2 acquisitions
29.2% growth in local currencies 2018