Sika AG Announces Sales Results for the Year 2016; Provides Earnings Guidance for the Year 2016 and 2017; Announces Plans to Open 6 to 8 New Factories
The company provided earnings guidance for the year 2016 and 2017. The company announced that an above-average profit increase resulting in an operating profit (EBIT) between CHF 780 million and CHF 800 million is expected for business year 2016.
In the business year 2017, the company continues to pursue its growth strategy and targets a 6%-8% rise in sales to reach CHF 6 billion for the first time, along with a disproportionately high increase in profit.
The company announced the opening of 6 to 8 new factories and 3 to 4 national subsidiaries in the business year 2017. With investments in nine new factories, four additional national subsidiaries and four acquisitions, the basis for future growth has been established. These 17 key investments, together with the pipeline of new products and the strong sales organization, allow the group to look with much confidence to the future.