Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2024 04 16T032053Z 1 LYNXNPEK3F03N RTROPTP 4 SIKA STRATEGY 1 scaled - Business Express

Swiss chemicals maker Sika posts 13.8% jump in Q1 sales


Swiss chemicals maker Sika posts 13.8% jump in Q1 sales

(Reuters) -Swiss chemicals maker Sika AG on Tuesday reported a 13.8% increase in its first-quarter sales and confirmed its outlook for 2024, saying it anticipated sales growth of between 6% and 9% in local currencies this year.

Sika reported sales of 2.648 billion Swiss francs ($2.90 billion) for the quarter, the company said in a presentation.

The company added that it was forecasting an “over-proportional” increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) this year.

Sika pointed to its acquisition this month of U.S. firm Kwik Bond Polymers, a manufacturer of polymer systems for the refurbishment of concrete infrastructure, as part of its plans to keep investing in future growth.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

($1 = 0.9134 Swiss francs)

(Reporting by Devika Nair in Bengaluru; Editing by Jamie Freed)

 

Recent Post: