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
New CEO could accelerate emphasis on new product development Operating profit beats forecasts Expects faster sales growth in 2021 than 2020
Feb 19 (Reuters) - Sika named company veteran Thomas Hasler as its next chief executive on Friday, as the Swiss construction chemicals maker beat estimates for annual operating profit and forecast stronger sales growth in 2021, sending its shares up 2.7% premarket.
The 55-year-old Hasler, now head of Sika’s global business and industry division, will replace Paul Schuler who will retire at the end of April and join Sika’s board. Hasler’s appointment, effective May 1, could accelerate Sika’s innovation drive as he was chief technology officer in a previous role overseeing 20 R&D centres.
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