Swiss chemical maker Sika's nine-month sales rise 5.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
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Source: Reuters
Sales Growth: Sika reported a 5.5% increase in sales for the first nine months of 2024, reaching 8.91 billion Swiss francs, driven by infrastructure projects and strong demand in North America.
Market Outlook: The company maintained its full-year guidance, expecting a 6%-9% increase in sales and a larger rise in EBITDA, despite a decline in sales within the automotive sector.
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.
