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BRIEF-Sika reports 21.8 pct rise in 2016 profit to CHF 566.6 mln
February 24, 2017 / 4:29 AM / 7 months ago

BRIEF-Sika reports 21.8 pct rise in 2016 profit to CHF 566.6 mln

Feb 23 (Reuters) - Sika AG

* Sika achieves record results in 2016 - strategic targets raised

* Says posted Ebit CHF 795.3 million, +18.1 percent and net profit CHF 566.6 million, +21.8 percent for the 2016 business year

* Goal for 2017 is increasing sales by 6-8 percent to chf 6 billion , opening 8 new factories, and establishing 3 national subsidiaries

* Ebit and net profit should continue to increase at a disproportionately high rate in 2017

* Says posted sales of chf 5,747.7 million achieved for the 2016 business year versus chf 5,489.2 million

* Says net profit per share (eps) chf 221.81 for 2016 business year versus chf 181.37 per share year ago

* Board of directors will propose to shareholders 31 percent increase in 2016 dividend to chf 102 per bearer share from chf 78.00 in 2015

* Board of directors will propose to shareholders increase in 2016 dividend to chf 17 per registered share from chf 13 in 2015 Source text for Eikon: Further company coverage:

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