Swiss chemical maker Sika backs annual forecast after 9.2% jump in half-year sales
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 30 2024
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Source: Reuters
Sales Growth: Sika AG reported a 9.2% increase in sales for the first half of the year, reaching 5.83 billion Swiss francs, surpassing analysts' expectations.
Earnings Performance: The company's EBITDA rose by 24% to 1.09 billion francs, also exceeding analyst estimates, indicating strong performance in the construction and automotive sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
