Sika: Worldwide Growth and Solid Income
In the first three quarters of 2008 Sika AG, Baar, Switzerland, boosted sales in all regions and gained 9,5% overall in local currencies. Operating profit before depreciation (EBITDA) did not quite reach the record level of the previous year period, but the EBITDA margin of 13,7% could be maintained nonetheless despite strongly rising raw material costs. The company achieved in the first three quarters of 2008 net sales of CHF 3.543 billion.
Sales grew in all regions in local currencies during the reporting period. At 31.2%, growth in the region IMEA (India, Middle East, Africa) was again particularly strong, followed by Latin America with 25.3%. Growth in the Asia/Pacific region amounted to 11.9% in local currencies. In North America Sika achieved sales growth of 8.6% despite the negative developments in the construction and automotive industries. In Europe North Sika grew by 7.2%, and by 3.3% in Europe South.
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