Sika Q3 Report 2022

SIKA WITH STRONG PERFORMANCE IN DEMANDING MARKETS GROWTH IN LOCAL CURRENCIES OF 18.5%
1. Sales and profit

• Sales growth of 18.5% in local currencies. Record sales of CHF 7,998.5 million (+16.6% in CHF).
• Record operating profit (EBIT) at CHF 1,231.5 million (+16.8%), including profit from divestment of European industrial coatings business plus expenses in connection with acquisition of MBCC Group.
• EBIT margin at 15.4%

2. Key investments

• Two acquisitions: Sable Marco (Canada) and United Gilsonite Laboratories “UGL” (USA)
• Four new plants opened: Tanzania, Ivory Coast, Bolivia, and USA

3. Outlook and strategy

• Growth in local currencies over 15%, surpassing CHF 10 billion for the first time
• Over-proportional increase in EBIT expected
• Confirmation of 2023 strategic targets for sustainable, profitable growth
• Closing of MBCC acquisition is targeted for the first half of 2023