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  • Media Release
  • Annual Report
  • Financial
  • February

Record Results for Profit and Cash flow - Sika Strong in Year of Coronavirus

• Sales of CHF 7,877.5 million (–2.9% in CHF, +3.4% in local currencies)
• EBITDA increased to CHF 1,497.6 million (+7.9%)
• Operating profit (EBIT) increased to CHF 1,130.5 million (+7.1%)
• EBIT margin increased to 14.4% (previous year: 13.0%)
• Net profit up to CHF 825.1 million (+8.8%)
• Operating free cash flow increased to CHF 1,259.4 million (+22.7%)
• Reduction of CO2 emissions by 25.9% to 20 kg per ton sold (previous year: 27 kg per ton sold)
• 6 factories opened or extended, 1 company acquired and one expanded partnership
• Proposal for dividend increase of 8.7% to CHF 2.50 (previous year: CHF 2.30)
• From May 1, 2021: Thomas Hasler to succeed CEO Paul Schuler
▪ Outlook for 2021 fiscal year
▪ Sales increase in local currencies of 6%–8%
▪ Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

The 2020 fiscal year was overshadowed by the COVID-19 pandemic, which had a number of severe effects for the construction and automotive sectors. Despite this difficult environment, Sika nonetheless achieved record results. Sales increased by 3.4% in local currencies. Due to negative currency effects, this equates to a slight decline in sales in Swiss francs of -2.9% compared to the prior year. Operating profit (EBIT) grew by an over-proportional 7.1% to CHF 1,130.5 million – a new record result. In keeping with this development, new records were also set for net profit at CHF 825.1 million (+8.8% year-on-year) and operating free cash flow at CHF 1,259.4 million (+22.7% year-on-year).
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