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Tag: Thomas Hasler

  • Sika posts record sales

    Sika posts record sales

    Sika achieved record sales and profits in the first half of 2022, writes the globally active Zug-based building materials group in a statement . According to her, Sika’s sales increased by 18.0 percent year-on-year to a record CHF 5.25 billion. The operating result at EBIT level rose by 22.7 percent to CHF 841.9 million in the same period. At the same time, the EBIT margin reached the record value of 16.0 percent, explains Sika.

    Thomas Hasler is quoted in the statement as saying that the market conditions have also become more demanding for Sika. “Nevertheless, we were able to fully exploit the strengths of our business model and our organization in the last six months and achieve good business results,” said the CEO. Hasler lists such strengths as a high level of diversification, a global purchasing organization and innovative, sustainable and high-quality technologies.

    According to the announcement, all regions with double-digit growth rates contributed to the record sales in the reporting period. Growth was strongest in the Americas region at 39.5 percent (35.8 percent in local currencies). The region with the highest sales, EMEA, grew by 7.6 percent (12.9 percent in local currencies) to CHF 2.19 billion. At 13.2 percent in local currencies, business with the automotive industry “grew significantly faster than the market,” writes Sika.

    For the year as a whole, the Group has set itself the goal of exceeding 10 billion francs in sales for the first time. The operating result at EBIT level is to be increased disproportionately to sales.

  • Thomas Hasler is to lead Sika

    Thomas Hasler is to lead Sika

    According to a statement from Sika , the globally active Zug-based building materials group was able to post new record values for operating profit and consolidated profit in the 2020 financial year. Specifically, the operating result at EBIT level rose by 7.1 percent year-on-year to 1.13 billion Swiss francs. At the same time, consolidated profit increased by 8.8 percent to 825.1 million francs. Sales grew by 3.4 percent in local currencies to 7.88 billion Swiss francs.

    "In 2020, the distribution business and our refurbishment business in particular proved to be particularly resistant to crises," Paul Schuler is quoted in the press release. In the opinion of the Sika CEO, the group will benefit from the growing demand for environmentally friendly products in the future. "A large part of our sales is already generated with technologies that provide customers, the environment and society with sustainable benefits," explains Schuler. For the current year, Sika is aiming for sales growth of between 6 and 8 percent in local currencies.

    Schuler will hand over his position to Thomas Hasler at the beginning of May. The current head of Global Business and Industry at Sika has been with the Zug-based building materials group for 32 years, the press release explains. Hasler joined Sika as a research chemist for industrial adhesives and in 2011 took over as head of automotive worldwide. The designated CEO has been a member of the Executive Committee since 2014. The current CEO, Paul Schuler, will be proposed for election to the Board of Directors at the Annual General Meeting in April.