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Sika AG (SIK.S)

SIK.S on Virt-X Level 1

7,720.00CHF
23 Feb 2018
Change (% chg)

CHF-55.00 (-0.71%)
Prev Close
CHF7,775.00
Open
CHF7,845.00
Day's High
CHF7,845.00
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CHF7,625.00
Volume
5,443
Avg. Vol
6,378
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CHF8,405.00
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CHF5,370.00

Latest Key Developments (Source: Significant Developments)

Sika AG says sales increase of more than 10 pct expected in 2018​
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Sika AG ::‍A RECORD NET PROFIT FIGURE IS EXPECTED FOR 2017 FINANCIAL YEAR.​.‍SALES GROWTH OF 8.9% IN LOCAL CURRENCIES TO CHF 6.25 BILLION IN 2017​.‍ACCELERATED FOURTH-QUARTER GROWTH OF 12.0 PERCENT​.- ‍FOR BUSINESS YEAR 2017, OPERATING PROFIT (EBIT) EXPECTED TO INCREASE AT HIGH RATE, REACHING BETWEEN CHF 880 MILLION AND 900 MILLION​.‍VOLATILE AND RISING COMMODITY PRICES WILL CONTINUE TO PRESENT A CHALLENGE IN CURRENT YEAR​.IN ‍OUTLOOK 2018, SALES INCREASE OF MORE THAN 10% EXPECTED​.  Full Article

Sika Acquires US Emseal Joint Systems, Ltd
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - SIKA AG ::SIKA ACQUIRES US MARKET LEADER FOR STRUCTURAL EXPANSION JOINTS.ACQUIRED EMSEAL JOINT SYSTEMS, LTD.EMSEAL GENERATES ANNUAL SALES OF CHF 40 MILLION.  Full Article

Sika AG says ‍board has decided to set up a new region in Americas
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Sika AG ::SAYS ‍BOARD OF DIRECTORS OF SIKA HAS DECIDED TO SET UP A NEW, STRONG REGION AMERICAS​.SAYS ‍CHANGE WILL TAKE EFFECT AS OF MARCH 1, 2018​.‍NEW REGION WILL BE HEADED BY CHRISTOPH GANZ, CURRENTLY REGIONAL MANAGER NORTH AMERICA​.  Full Article

Sika founding family does not exclude extending Saint-Gobain agreement
Friday, 1 Dec 2017 

Dec 1 (Reuters) - :RULING ON APPEAL OF BURKARD FAMILY'S VOTING RIGHT IN SIKA <<>>, SAINT-GOBAIN <<>> TAKEOVER BATTLE LIKELY TO BE REACHED IN Q1 2018 - SOURCES‍​.SIKA'S CONTROLLING SHAREHOLDER SAYS DOES NOT EXCLUDE POSSIBILITY OF EXTENDING TAKEOVER AGREEMENT WITH SAINT-GOBAIN BEYOND 2018.  Full Article

Sika acquires Butterfield Color, Inc.
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - SIKA AG ::SIKA ACQUIRES BUTTERFIELD COLOR IN THE US, FURTHER STRENGTHENING ITS PORTFOLIO FOR CONCRETE CONTRACTORS.  Full Article

Sika reports 9 month net profit of CHF 477.4 mln
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Sika Ag :9 month sales growth of 7.9% in local currency (6.8% in CHF) to CHF 4,627.5 million ​.9 month operating result (EBIT) up 13.2%, net profit 14.9% higher ​.9 month operating profit (EBIT) improved by 13.2% to CHF 669.0 million (previous year: CHF 591.2 million) ​.9 month net profit rose strongly by 14.9% to CHF 477.4 million (previous year: CHF 415.5 million) ​.‍Confirmation of 2017 annual targets - annual sales expected to exceed CHF 6 billion for first time​."‍Volatile and rising raw material prices present a challenge in current year"​.Operating profit expected to once again increase at a disproportionately high rate, reaching between CHF 880 million and 900 million for full-year 2017​.  Full Article

Sika CEO: no breakthrough with founding family in Saint-Gobain row
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - Sika AG :Sika ceo says we want to increase the speed of acquisitions.Sika ceo says it is very clear for management and for sika the saint-gobain deal is a no go.Sika ceo says company has made no breakthrough with founding family in fight with saint-gobain.Sika ceo says company buyout of family's shares would be one good way to resolve fight with saint-gobain.Sika ceo says we are ahead of saint-gobain, says sika's results are better.  Full Article

Sika acquires acquires ABC Sealants
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - SIKA AG ::SIKA ACQUIRES LEADING TURKISH MANUFACTURER OF SEALANTS AND ADHESIVES.  Full Article

Sika Qtrly sales growth of 8.1 pct to CHF 2,994.9 mln
Thursday, 27 Jul 2017 

July 26 (Reuters) - Sika Ag :Qtrly sales growth of 8.1% to CHF 2,994.9 million.Qtrly net profit up 16.0% to CHF 285.7 million.Sika ag says strategic targets 2020 were successfully pursued in first half of 2017,.Growth strategy with new targets for 2020 will continue in 2017.Sika ag says strong start to year supports target for full year, which aims at a 6-8% increase in sales to more than chf 6 billion.Sika ag says unknown outcome of Saint-Gobain's hostile takeover attempt remains an element of uncertainty for future.Qtrly earnings per share CHF 111.54.Sika ag says recorded growth in all regions in the quarter.Sika ag says volatile and rising commodity prices present a challenge in current year.In first half of year, negative currency effect reduced sales growth in swiss francs to 6.7%.  Full Article

Sika says Paul Schuler to succeed Jan Jenisch as CEO
Monday, 22 May 2017 

May 22 (Reuters) - SIKA AG ::PAUL SCHULER SUCCEEDS JAN JENISCH AS CEO PER JULY 1.HE SUCCEEDS JAN JENISCH WHO HAS ACCEPTED TO BECOME NEW CEO AT LAFARGEHOLCIM.  Full Article

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High share price lets Sika offer better deal to family: CEO

ZURICH Sika's high share price provides scope for the Swiss construction chemicals group to offer its controlling family shareholders a better buyout offer than one the clan has agreed with France's Saint-Gobain , Sika's CEO said.