Sika Attributes 5.8 Percent Increase in Sales to Global StrengthJanuary 10th, 2013 | Category: Industry News
Sika Corp. has announced its annual sales for 2012 increased 5.8 percent to CHF 4.82 billion (5.22 billion USD). The company attributes this growth to a strong global presence which it says “enabled the company to offset fall-offs in demand in European markets. 10.7 percent growth was achieved in the emerging markets.”
North American sales for the company improved by 9 percent while, as a result of the debt crisis, the company’s European profit declined -7 percent.
According to a release issued by the company, “The proportion of sales generated by Sika in the emerging markets is now at 37 percent (2011: 36 percent). In local currencies, sales of products for the building and construction industry were up by 4.2 percent in the 2012 business year, with an acquisition effect of 3.4 percent. Sales of products for industrial manufacturing increased 9.4 percent in local currencies, including an acquisition effect of 3.5 percent.”