(RTTNews) – Sika AG (SXYAY.PK, SKFOF.PK), a Swiss specialty chemical firm, reported Tuesday decrease revenue and web gross sales in its first half, whereas EBITDA margin elevated from final yr.
Trying forward, Sika stated it expects to proceed to develop above the market and deal with margin enchancment amid unsure market growth, arising particularly on account of ongoing commerce conflicts.
For the 2025 enterprise yr, Sika now expects a modest gross sales improve in native currencies. The corporate beforehand anticipated gross sales progress of three to six p.c in native currencies.
The corporate continues to anticipate an over-proportional improve in EBITDA and an EBITDA margin of between 19.5 p.c and 19.8 p.c.
Sika additional confirmed its strategic medium-term targets for 2028 for sustainable, worthwhile progress.
Within the first half, revenue after taxes dropped 3.9 p.c to 554.4 million Swiss francs from prior yr’s 577.1 million francs. Earnings per share had been 3.45 francs, decrease than 3.59 francs a yr in the past.
Working revenue earlier than depreciation or EBITDA fell 2.1 p.c year-over-year to 1.07 billion francs, whereas EBITDA margin elevated to 18.9 p.c from earlier yr’s 18.7 p.c, supported by robust synergy momentum.
Web gross sales of 5.68 billion francs dropped 2.7 p.c from prior yr’s 5.83 billion euros.
Gross sales grew 1.6 p.c in native currencies, with 0.6 p.c attributable to natural progress and 1.0 p.c to acquisition impact
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