Sika AG Provides Earnings Guidance for the Fiscal Year 2022 and 2023
Based on these expectations, Sika is confirming its 2023 strategic targets. The company remains aligned for long-term success and profitable growth. With its focus on the six strategic pillars market penetration, innovation, operational efficiency, acquisitions, strong corporate values, and sustainability Sika is seeking to grow by 6%8% a year in local currencies up to 2023. From 2021 onwards, the company is aiming to achieve an EBIT margin in the range of 15%18%. Projects in the areas of operations, logistics, procurement, and product formulation should result in an annual improvement in operating costs equivalent to 0.5% of sales.