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Sika Reports Net Sales

Thursday, February 19, 2009

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Sika Group (Baar, Switzerland) posted net sales for 2008 of just over CHF (Swiss Franc) 4.6 billion, which is 1.1% above the previous year. The growth rate in local currencies was 7.3%, including an acquisition effect of 1.4%. The negative currency exchange effect was –6.2%.

 

The company reported that growth in the construction division was satisfactory, despite the housing crisis, but the industry division plummeted in the fourth quarter. Sika expects to publish detailed information on the 2008 results at the end of February 2009.

 

Sika is a global specialty chemicals company with products that include industrial flooring, waterproofing, and roofing systems.

   

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