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2018 SALES EXCEED CHF 7 BILLION FOR THE FIRST TIME - STRONG GROWTH OF 13.7%

Sika AG /
2018 SALES EXCEED CHF 7 BILLION FOR THE FIRST TIME - STRONG GROWTH OF 13.7%
. Processed and transmitted by West Corporation.
The issuer is solely responsible for the content of this announcement.

* Sales growth of 13.7% in local currencies to CHF 7.09 billion in 2018
* Strong growth in all regions
* Continued investment in supply chain expansion with opening of 11 factories,
1 national subsidiary, and 4 acquisitions
* Outlook 2019: in line with the strategic targets, sales growth of 6-8% and
over-proportional profit increase are expected

Sika proved its ability to generate very strong growth in 2018, increasing sales
in local currencies by 13.7% to the equivalent of CHF 7.09 billion. The positive
development of business in all regions, together with continued investments in
new factories, the establishment of another national subsidiary, and the
strategic focus on big cities to capture the business potential of the megatrend
urbanization contributed to Sika's strong growth.

Over the last year, Sika succeeded in increasing sales by 13.7% in local
currencies to a total of CHF 7.09 billion, thereby exceeding the CHF 7 billion
mark for the first time. All regions managed to boost sales and gain further
market share. Above-average growth rates were achieved in Eastern Europe,
Africa, the Middle East, USA, Indonesia, India, China, and in the Global
Business segment.

Paul Schuler, CEO: "We made further significant progress with our growth
strategy in fiscal year 2018 and have made good use of the additional momentum
afforded to us by the settlement of the takeover dispute. Our 13.7% increase in
sales meant we broke through the CHF 7 billion barrier for the first time. With
11 new factories, an additional national subsidiary and four acquisitions, we
have invested a great deal in our supply chain in the past year so that we can
benefit from the growth in global construction markets and further expand our
market position. We owe this record result to the great efforts of the 19,500
people who work for Sika worldwide - and for that I would like to thank them."

GROWTH IN ALL REGIONS
In 2018, sales in the EMEA region (Europe, Middle East, Africa) increased by
14.2% in local currencies (previous year: 7.6%). The core markets of Spain and
the UK recorded high single-digit growth. Double-digit growth rates were
achieved in the Middle East, Africa, and Eastern Europe.
With the acquisition of Index Construction Systems and Products in Italy, Sika
gained a leading manufacturer of waterproofing systems for roofs and building
structures. In the reporting period Sika also acquired Polypag, a Swiss-based
manufacturer and developer of polyurethane foam systems, as well as Arcon
Membrane, a major manufacturer of roofing and waterproofing systems in Romania.
New factories for concrete admixtures and mortar products were commissioned in
Senegal, Saudi Arabia, Dubai, Azerbaijan, Kazachstan, and Russia.

The newly established Americas region recorded local currency growth of 11.7% in
2018 (previous year: 12.6%). Including acquisitions, USA managed to record
double-digit growth thanks to investments and market initiatives in metropolitan
areas. The development of business in Brazil and Colombia was above-average. The
basis for further growth in Central America was laid with the establishment of a
new national subsidiary in Honduras. With the acquisition of the global Concrete
Fibers business from Propex Holding, LLC, Sika has further invested in the high
growth market for concrete fibers. New production plants for concrete admixtures
and mortars were opened in Peru and Guatemala.

Growth in the Asia/Pacific region amounted to 5.5% in local currencies (previous
year: 5.4%). Here the highest growth rates were recorded by India, Indonesia,
and China. In Vietnam, a state-of-the-art facility for mortar production has
come on stream in the Bac Ninh plant alongside the existing production of
concrete admixtures. This has enabled Sika to expand its supply chain in this
large construction market.

The new Global Business segment recorded a growth rate of 29.2% in local
currencies (previous year: 11.5%), of which 23.0% is attributable to the
acquisition of Faist ChemTec. This new segment includes the globally managed
businesses automotive, Advanced Resins (formerly Axson Technologies), and Faist
ChemTec. Advanced Resins and Faist ChemTec are established providers of
components and solutions for automotive and other industries. A new automotive
factory for the production of acoustic and body reinforcement systems was opened
in Querétaro, in order to derive even greater benefit from the strong Mexican
automotive market.

OUTLOOK
For the business year 2018, a record operating profit (EBIT) in the range of CHF
940 million to 960 million is expected. With investments in eleven new
factories, one additional national subsidiary, and four acquisitions, the basis
for continued growth has been established. These 16 key investments, together
with the well-filled pipeline of new products and the strong sales organization,
allow Sika to look to the future with much confidence.

In the business year 2019, Sika expects a sales increase in line with its Growth
Strategy 2020 targets of 6 to 8% and an over-proportional rise in profits.
Depending on the closing date of the Parex transaction, sales are expected to
exceed CHF 8 billion. The execution of the Growth Strategy will continue in
2019 with the opening of new factories and further acquisitions. The new
Strategy 2023 will be communicated at the Capital Markets Day on October
3, 2019.

FINANCIAL CALENDAR:

Media conference / analyst presentation Friday, February 22, 2019
on full-year results 2018

Net sales first quarter 2019 Tuesday, April 9, 2019

51(st) Annual General Meeting Tuesday, April 9, 2019

Half-year report 2019 Thursday, July 25, 2019

Results first nine months 2019 Thursday, October 24, 2019

Net sales 2019 Tuesday, January 7, 2020


CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the development
and production of systems and products for bonding, sealing, damping,
reinforcing and protecting in the building sector and motor vehicle industry.
Sika has subsidiaries in 101 countries around the world and manufactures in over
200 factories. Its more than 19,500 employees generated annual sales of CHF
7.09 billion in 2018.

The media release can be downloaded from the following link:

Media Release:
http://hugin.info/100359/R/2230721/876671.pdf



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sika AG via GlobeNewswire



 
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