Sika AG announced sales results for the year 2016. For the year, the company saw 2016 sales climb by 5.6% in local currencies to the equivalent of CHF 5.75 billion. Investments in new factories and national subsidiaries, as well as market launches of new products, contributed to the broad-based organic growth of 4.7%. A record profit is expected for business year 2016. Total sales for 2016 rose by 5.6% to the equivalent of CHF 5.75 billion. Due to the strong figures from the previous year and shifts in demand, growth in the markets during the fourth quarter of 2016 fell just short of the expectations. All regions managed to lift turnover and gain further market share. Strong above-average growth rates were recorded in the USA, Mexico, the UK, Africa, Southeast Asia and Australia, as well as in the automotive business area.

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.