Sika: targets 6%-8% sales growth this year

(CercleFinance.com) - Sika posted slight growth in Q1 2023.

Sales in local currencies and organic growth increased by 1.2%: it achieved sales of 2,325.9m Swiss francs.

Q1 2023 sales were slightly higher than expected thanks to pricing, UBS noted.

In the Global Business segment, Sika recorded growth in local currencies of 15.2% (previous year: 10.4%), therefore significantly outperforming the market.

For 2023, Sika is confident that it will be able to successfully pursue its strategy of sustainable and profitable growth, even in a difficult economic environment.


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