Year 2023
“We are anticipating continuation of the momentum built up in 2023. We want to gain further market share, and are expecting a normalization of inflation and price developments.”
CEO
“We amalgamated Innovation & Sustainability with the aim of being able to impact scope 3 emissions more directly. At the same time our customers receive products that are both innovative and sustainable.”
Chair of the Board of Directors
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Key Figures
Changes from previous year
Net sales in CHF
+7.1%
ROCE1
16.3%
EBIT
–1.9%
Acquisitions2
2+
Net profit
–8.6%
New patents
108
1 Adjusted for acquisitions, ROCE in 2023 was 23.5%.
2 Besides the two acquisitions, Sika has signed an agreement to acquire Chema, Peru. The closing of the acquisition is targeted for 2024.
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Share Price
In a slightly positive overall market, the Sika share held its ground despite high inflation and persistently high interest rates. Toward the end of the year, the share price increased further. Shareholders, increasingly focusing on quality stocks and growth, made use of first-time buying opportunities. Over the year as a whole, the SMI gained a modest 1.5%, while the Sika share posted an increase of 20.3%.
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+20.3%
With an increase of +20.3%, the Sika share price outperformed the SMI index.
CHF 273.70
Closing price of the Sika share at the end of 2023.
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Sustainability Performance
Changes from previous year
GHG emissions reduction per ton sold (Scope 1 and 2)
–4.4%
Water consumption
(m3 per ton sold)
–12.2%
Waste recycling
rate
+7.5%
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Employees
33,547
Dedicated
employees
24.3%
SHARE of women in the workforce +0.3% points compared to 2022
12.5
average hours of training per employee
5.4
Lost Time Accidents per 1,000 FTE
–23.9% compared to 2022
+43.3%
of community engagement projects compared to 2022
7,953
Voluntary work
(in days)
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Markets
EMEA
EMEA
Growth in local currency
14.8%
Americas
Growth in local currency
14.9%
Asia/Pacific
Growth in local currency
15.1%
Global Business
Growth in local currency
10.0%
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Outlook
For the current fiscal year, Sika is convinced that it will be able to successfully continue its strategy built on sustainable and earnings-oriented growth even in a challenging economic environment. With its innovative technologies, Sika is the partner of choice for many customers in the construction and industrial sectors. These sectors are being heavily shaped by the megatrend of sustainability, as well as by increasing automation, digitalization, and the rising demand for easy-to-apply products. For the 2024 fiscal year, Sika is expecting sales growth in local currencies of 6–9% and again an over-proportional increase in EBITDA.
Expected sales increase
in local currencies of
6–9%
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