Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
July 29, 2013 12:00 AM

Sika sees positive second quarter in 2013

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Baar, Switzerland, -- Sika, a building products company, saw sales grow 4.4% in the first half of 2013 compared with 2012, said the firm in a release.

    The company added that in emerging markets sales grew by 15.3% and this fed through to an increase in net profit of 13.2%. The company said its second quarter figures benefitted from pent-up demand from a first quarter which was slow because of the prolonged northern winter.

    This led to an 8.3% increase in second-quarter sales.Net sales for the first half of 2013 were CHF 2.4bn ($2.6bn) up 4.4% in local currencies.

    In Europe, Middle East, Africa region, first-half sales were CHF 1.1 bn an 0.8% local currency growth, the firm said. There was significant growth in Middle Eastern and African emerging markets as well as in Russia.

    In key markets such as Germany and Northern European countries, the sentiment was rather cautious in the first half of 2013 and numerous new infrastructure projects were postponed. There is still no trend reversal in sight in Southern Europe, the company said. Sika reported a further improvement in profitability in the EMEA region, with the earnings before interest and taxation margin at 10.0% -- up by a fifth compared with the first half of 2012.

    After a severe winter with a substantial decrease in sales in the roofing segment, Sika's markets in the region North America improved slightly.

    Some building projects which were delayed owing to the weather started in the second quarter of 2013. There is still some catching up to do, Sika said. While stricter budget restrictions imposed by the US government and the individual federal states slowed Sika's business to some extent, the recovery in the housing market had a positive impact on the construction climate, Sika said.

    Maintaining the momentum seen in previous periods in the region Latin America, Sika said it recorded 11.8% growth in the first half of 2013. Sika reported a substantial increase in sales in all target markets throughout the region, with growth especially strong in Brazil and Argentina. Inflation trends in South America had a negative effect tin individual states.

    In the region Asia/Pacific, Sika saw further strong growth and lifted net sales by 11.2% in local currencies. While volumes were stable in the OECD.

    Sika said it expects to see emerging markets continue to grow with demand from Asia remaining strong. The company is projecting double-digit growth rates for Latin America, However, it warns that developments in Europe are uncertain.

    Recommended for You
    Joerg Palmersheim at Polyurethanes Technical Conference
    Isopa: Reach regulations could extend to all isocyanates
    Stepan gains its first ISCC Plus certification
    Stepan gains its first ISCC Plus certification
    Foamer Eagle Industries issues Warn notice of potential layoffs
    Foamer Eagle Industries issues Warn notice of potential layoffs
    Latest Issue
    urethanes technology
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe