International. Sika demonstrated its ability to generate strong growth once again in 2017, increasing sales in local currencies by 8.9% to the equivalent of CHF 6.25 billion.
Development in the fourth quarter was particularly dynamic, with growth in local currencies of 12.0% and organic growth of 8.5%. Positive business development in all regions, along with investments in new factories, the founding of other domestic subsidiaries and the market launch of new products contributed to the numbers reported by Sika. A record net profit figure is expected for fiscal 2017.
Paul Schuler, CEO of the brand, commented: "With nine new factories, three other national subsidiaries and seven company acquisitions, we have made significant investments in growth markets and growth platforms in the form of product technologies and distribution channels. With these 19 strategic investments, our innovative quality product line and our global presence, we now have 100 national subsidiaries and more than 200 factories that allow us to look to the future with optimism."
In the 2018 business year, Sika expects a sales increase of more than 10%. Volatile and rising commodity prices will continue to be a challenge in the current year. In China, for example, access to raw materials has been hampered by environmental constraints introduced by the government. Operating profit (EBIT) should enjoy a disproportionate rise in 2018.
