Sika: raises target for operating margin
(CercleFinance.com) - The Sika share is up 3% in Zurich on Thursday, after the specialty chemist tightened up its long-term target range for an operating margin of between 15% and 18%, against a range of 14% and 16% previously.
At its CMD, the Swiss group presented its strategy for 2023, which includes measures to improve its operational costs by the equivalent to 0.5% of sales each year.
We also want to make our product innovations even more sustainable, while boosting product performance, CEO Paul Schuler pointed out, stating that one quarter of revenue will come from products that are less than five years old.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
At its CMD, the Swiss group presented its strategy for 2023, which includes measures to improve its operational costs by the equivalent to 0.5% of sales each year.
We also want to make our product innovations even more sustainable, while boosting product performance, CEO Paul Schuler pointed out, stating that one quarter of revenue will come from products that are less than five years old.
Copyright (c) 2019 CercleFinance.com. All rights reserved.