During the period consolidated net profit developed gratifyingly in reaching a level 33.2% higher than in the prior year.

EBIT, earnings before interest and taxes, rose by 22.4% compared to the first nine months a year ago to CHF 189.1 mil. The EBIT margin increased from 9.1% to 9.8%.

In the first nine months of 2004 Sika’s net sales totalled CHF 1,939 mil., an increase of 14.0% against the corresponding period a year ago. Currency adjusted, the gain amounted to 14.6%.

Expressed in Swiss francs, sales in the third quarter of 2004 were up 11.1%, 14.6% in local currencies.

Sika realized a CHF 80.0 mil operating free cash flow.