- EBITDA for the first half of 2024 was CHF 1.09 billion, a 24% increase year-over-year (y/y), beating the estimate of CHF 1.07 billion.
- EBIT reached CHF 822.2 million, marking a 25% increase y/y, surpassing the estimate of CHF 810.9 million.
- Sales totaled CHF 5.83 billion, up 9.2% y/y, compared to the estimated CHF 5.78 billion.
- EMEA region sales amounted to CHF 2.57 billion, exceeding the estimate of CHF 2.46 billion.
- Americas sales were CHF 2.05 billion, higher than the estimated CHF 1.79 billion.
- Asia Pacific sales matched the estimate of CHF 1.22 billion.
- Gross profit stood at CHF 3.22 billion, a 14% increase y/y, beating the estimate of CHF 3.08 billion.
- EBIT margin was 15.4%, compared to the estimate of 13.8%.
- Net income was CHF 577.1 million, above the estimate of CHF 553.3 million.
- Operating free cash flow reached CHF 401.3 million, marking a 24% increase y/y.
- Sales in local currencies grew by 12.8%, beating the estimate of 11.4%.
- EMEA region sales in local currencies increased by 13.5%, compared to the estimate of 11.9%.
- Americas sales in local currencies rose by 15.1%, exceeding the estimate of 9.59%.
- Asia Pacific sales in local currencies grew by 8%, below the estimate of 11.2%.
- Sika forecasts sales in local currencies to continue growing between 6% to 9% for the year, aligning closely with the estimate of 8.17%.
- Successful integration of MBCC has resulted in higher synergy guidance, estimated between CHF 100 – 120 million for the year.
- Sika expects an over-proportional increase in EBITDA for 2024.
A look at Sika Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Sika shows a promising long-term outlook. With a high Growth score and respectable Momentum rating, the company appears poised for continued expansion and market performance. While Value, Dividend, and Resilience scores are moderate, the strong emphasis on Growth suggests that Sika is focusing on future-oriented strategies and initiatives to drive its business forward.
Sika AG, a manufacturer of construction materials, demonstrates a global presence by serving customers worldwide. The company’s product range includes concrete mixtures, sealants, industrial flooring, and acoustic materials. With a solid overall outlook according to the Smartkarma Smart Scores, Sika’s strategic focus on Growth and Momentum could position it well for sustained success in the construction industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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