January 9, 2020 / 4:36 AM / 11 days ago

Sika annual sales jumps 16.3% to record level

Jan 9 (Reuters) - Construction chemicals maker Sika on Thursday reported a 16.3% rise in full-year sales to 8.11 billion Swiss francs ($8.33 billion), its highest ever.

The Swiss company, which makes additives for cement and adhesives for the automotive sectors, said it aims for a higher earnings before interest and tax margin of 15% to 18% by 2021.

$1 = 0.9739 Swiss francs Reporting by Rebekah Mathew in Bengaluru; Editing by Arun Koyyur

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