Media Releases

Ad hoc announcement pursuant to Art. 53 LR

▪ Thierry F. J. Vanlancker to be proposed as new Chair of the Board of Directors at the Annual General Meeting 2024
▪ Paul Hälg has decided to step down after twelve successful years
▪ Rotation in Group Management ahead of new Growth Strategy 2028

Sika’s innovative reCO2ver® technology is now receiving targeted support as part of a climate protection program. The technology involves a novel concrete recycling process that allows old concrete to be entirely reused while facilitating the sequestration of CO2. To support the use of the technology, Switzerland’s Climate Cent Foundation is guaranteeing the purchase of CO2 certificates from the program for an initial amount of CHF 10 million.

Ad hoc announcement pursuant to Article 53

▪ Sika notifies the bondholders of its convertible bond due in 2025 that it has exercised the early redemption option
▪ Notices to convert the Bonds may be deposited with the paying and conversion agent until September 15, 2023, 4:00 p.m. CEST
▪ Deposit banks may set an earlier deadline to bondholders to instruct the conversion of their Bonds and bondholders should therefore reach out to their bank or broker
▪ Bonds which will not be converted will be redeemed at par plus accrued interest

Sika has agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition strengthens Sika’s position in the fast-growing mortar market and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint. In 2022, the business to be acquired generated sales of CHF 50 million.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales up by 7.9% in local currencies
▪ Record first-half-year sales at CHF 5,345.5 million (+1.8% in CHF)
▪ Expansion of material margin to 52.7% (first half of 2022: 49.4%)
▪ Increase in EBIT margin adjusted for acquisition-related costs to 14.0% (first half of 2022: 13.4%)
▪ EBIT adjusted for one-time M&A effects CHF 749.9 million (+6.9%)
▪ Strong foreign currency impact of -6.1%
▪ Completion of MBCC acquisition and consolidation as per May 2, 2023
▪ Front-loaded MBCC integration costs of CHF 89.5 million in first half year
▪ Acquisition of Thiessen Team USA
▪ Opening of new mortar and concrete admixture plant in Eastern India

Outlook for fiscal 2023:
▪ Sales increase in local currencies of above 15%, including MBCC
▪ Over-proportional increase in EBIT confirmed, excluding MBCC

Sika has increased production capacities for macro fibers at its plant in Chattanooga, Tennessee, thus extending a product line of strategic importance for Region Americas. With this innovative fiber technology, Sika is further strengthening its position as the leading single-source supplier to the mining industry and a strong partner for sustainable construction projects.

Sika has acquired Thiessen Team USA, a US manufacturer of shotcrete and grouting products for the mining industry in the USA. The company serves the Western US mining industry which produces essential minerals for the growing electric vehicle industry among many other critical minerals. The acquisition will open up significant cross-selling potential and will support Sika’s expansion in the US mining market.

Sika is opening a new plant in Kharagpur, eastern India, and continues to expand production capacity in the fast-growing Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100 million inhabitants.

Ad hoc announcement pursuant to Art. 53 LR

▪ Sika acquires MBCC business generating CHF 2.1 billion net sales in 2022
▪ Annual synergies expected in the range of CHF 160 – 180 million by 2026
▪ Integration process well prepared and to start as of today
▪ The combined innovation power of Sika and MBCC will accelerate the sustainable transformation of the whole construction industry
▪ Sika set to reach sales in excess of CHF 12 billion in 2023

Sika Capital B.V. in the Netherlands, with a guarantee from Sika AG, today successfully completed a triple-tranche bond offering with a total amount of EUR 2,250 million. The payment date of the bonds is May 3, 2023. The bonds were placed under the global coordination of Citigroup and UBS Investment Bank, with Citigroup, UBS Investment Bank and HSBC acting as Active Bookrunners and Credit Suisse as Passive Bookrunner. The bonds are planned to be listed on the Irish Stock Exchange ("Euronext Dublin").

Ad hoc announcement pursuant to Art. 53 LR

▪ Sales up by 1.2% in local currencies
▪ Q1 sales of CHF 2,325.9 million (-3.0% in CHF)
▪ Strong growth of 15.2% in Global Business (previous year: 10.4%)
▪ Negative currency effect of -4.2%
▪ Closing of MBCC acquisition still targeted for first half of 2023

Outlook for fiscal 2023 confirmed
▪ Sales increase in local currencies by 6–8%
▪ Over-proportional increase in EBIT (excluding MBCC acquisition)
▪ Confirmation of 2023 strategic targets for sustainable, profitable growth

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 55th Annual General Meeting of Sika AG on March 28, 2023

Ad hoc announcement pursuant to Art. 53 LR

The British Competition and Markets Authority (CMA) has provided Sika with provisional negative feedback regarding INEOS Enterprises as a prospective buyer for the divestment of MBCC Group’s chemical admixtures assets in England, the USA, Canada, Europe, Australia, and New Zealand (“Disposal Perimeter”), due to competition concerns. The disposal is part of the required remedy process for the approval of Sika's acquisition of MBCC Group. The parties therefore agreed to terminate the contract, while Sika has agreed to sell the Disposal Perimeter to international private equity firm, Cinven. The CMA has already approved Cinven as a suitable buyer of the Disposal Perimeter. Financial and transaction parameters remain largely unchanged. This also applies to the timing for the closing of the divestment as well as the MBCC acquisition, which are expected to take place in the first half of 2023.

Sika today successfully placed a bond with a total amount of CHF 650 million through a triple tranche. The payment date of the bonds is April 13, 2023. The bonds were placed under the lead management of UBS with Zürcher Kantonalbank as co-lead. They will be listed on the SIX Swiss Exchange.

▪ The Board of Directors confirms March 28, 2023 as date for the Annual General Meeting
▪ All current members of the Board of Directors are standing for re-election