January 8, 2019 / 4:39 AM / 3 months ago

REFILE-Sika full-year sales rise, above own target

(Corrects dateline to Jan 8)

Jan 8 (Reuters) - Swiss construction chemicals maker Sika AG on Tuesday reported higher full-year sales of 7.09 billion Swiss francs ($7.22 billion) for 2018, beating its target of achieving 7 billion francs for the first time.

The company, whose additives are used to waterproof and strengthen cement, said its local currency sales increased by 13.7 percent from 6.25 billion francs a year earlier.

Sika, which settled its long-running take-over battle with France’s Saint-Gobain last year, said it expected 2019 sales growth of 6-8 percent, in line with its strategic targets. ($1 = 0.9818 Swiss francs) (Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Gopakumar Warrier)

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