Sika AGM Approves All Proposals Of Board
The shareholders approved the annual financial statements and the consolidated financial statements for the business year 2020.
In addition, the shareholders voted in favor of the Board of Directors proposal to pay out a gross dividend of CHF 2.50 per share for the business year 2020.
The administrative bodies were granted discharge.
With the exception of Frits van Dijk, who was not standing for re-election, all previous members of the Board of Directors as well as its Chairman Paul Hälg were re-elected by the shareholders for another one-year term in office.
Paul Schuler was elected as a new member of the Board of Directors, for a one-year term.
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ANNUAL GENERAL MEETING APPROVES BOARD OF DIRECTORS PROPOSALS streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
RECORD RESULTS FOR PROFIT AND CASH FLOW – SIKA STRONG IN YEAR OF CORONAVIRUS
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 CO
2 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)
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%â8% Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time