Half-Year 2024
“With our good operating result in the first half of 2024, we have shown that we are in an excellent position to gain market share even in challenging markets. Furthermore, our near-and long-term emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science Based Targets initiative (SBTi). This important achievement underscores Sika’s commitment to sustainability and its proactive role in decarbonizing the construction and automotive industries. We have also reached an important milestone of our Strategy 2028. In a global employee survey, which was conducted in the first half of the year, we achieved an engagement rate of 86%, significantly exceeding our target of 80%. Sika has a strong corporate culture, and we can count on our employees’ deep sense of identification with the company. Thanks to all employees, we once again achieved strong results in the first half of 2024.”
Chief Executive Officer
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Key Figures
Net sales up in
local currencies by
+12.8%
Expansion of material
margin to
55.1%
Record first-half-year
sales at CHF mn
5,834.8
Increase in EBITDA
margin to
18.7%
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Key Figures
Record first-half-year
EBITDA at CHF mn
1,092.9
Acquisition of
KWIK BOND
High employee engagement
rate of
86%
New plants in
PERU AND CHINA
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Markets
EMEA
EMEA
Growth in local currencies
13.5%
Americas
Growth in local currencies
15.1%
Asia/Pacific
Growth in local currencies
8.0%
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Outlook
Sika is confident that it will be able to successfully continue to implement its strategy built on sustainable and profitable growth in a recovering economic environment in 2024. Its around 34,000 dedicated employees worldwide, who strongly identify with the company objectives, are making an important contribution. The employees play a key role in supporting Sika, as an innovative leader in its core markets, to drive change in the construction and industry sectors towards automation, digitalization, and sustainability. Construction professionals, building owners, industrial companies, and other stakeholders around the globe rely on the first-class quality of Sika’s innovative solutions, their contribution to decarbonization, and ease of use.
For 2024, Sika expects sales growth in local currencies of 6–9% as well as an over-proportional increase in EBITDA.
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