Sika Half-Year Report 2024
“With our good operating result in the first half of 2024, we have shown that we are in an excellent position to gain market share even in challenging markets. Furthermore, our near-and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi). This important achievement underscores Sika’s commitment to sustainability and its proactive role in decarbonizing the construction and automotive industries. We have also reached an important milestone of our Strategy 2028. In a global employee survey, which was conducted in the first half of the year, we achieved an engagement rate of 86%, significantly exceeding our target of 80%. Sika has a strong corporate culture, and we can count on our employees’ deep sense of identification with the company. Thanks to all employees, we once again achieved strong results in the first half of 2024.”
Thomas Hasler, CEO
Highlights
- Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year
- Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%
- Material margin expands to 55.1% (first half of 2023: 52.7%)
- EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)
- Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million)
- Successful integration of MBCC with raised synergy guidance for the year (CHF 100-120 million)
- Acquisition of Kwik Bond, USA
- New plants opened in Peru and China
- Global employee survey confirms high engagement rate of 86%
- SBTi validation for Sika’s net-zero targets
