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Sika AG (SIK.S)

SIK.S on Virt-X Level 1

7,600.00CHF
13 Dec 2017
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CHF7,670.00
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CHF4,728.00

Latest Key Developments (Source: Significant Developments)

Sika AG says ‍board has decided to set up a new region in Americas
Tuesday, 12 Dec 2017 12:00pm EST 

Dec 12 (Reuters) - Sika AG ::SAYS ‍BOARD OF DIRECTORS OF SIKA HAS DECIDED TO SET UP A NEW, STRONG REGION AMERICAS​.SAYS ‍CHANGE WILL TAKE EFFECT AS OF MARCH 1, 2018​.‍NEW REGION WILL BE HEADED BY CHRISTOPH GANZ, CURRENTLY REGIONAL MANAGER NORTH AMERICA​.  Full Article

Sika founding family does not exclude extending Saint-Gobain agreement
Friday, 1 Dec 2017 10:55am EST 

Dec 1 (Reuters) - :RULING ON APPEAL OF BURKARD FAMILY'S VOTING RIGHT IN SIKA <<>>, SAINT-GOBAIN <<>> TAKEOVER BATTLE LIKELY TO BE REACHED IN Q1 2018 - SOURCES‍​.SIKA'S CONTROLLING SHAREHOLDER SAYS DOES NOT EXCLUDE POSSIBILITY OF EXTENDING TAKEOVER AGREEMENT WITH SAINT-GOBAIN BEYOND 2018.  Full Article

Sika acquires Butterfield Color, Inc.
Wednesday, 1 Nov 2017 02:07am EDT 

Nov 1 (Reuters) - SIKA AG ::SIKA ACQUIRES BUTTERFIELD COLOR IN THE US, FURTHER STRENGTHENING ITS PORTFOLIO FOR CONCRETE CONTRACTORS.  Full Article

Sika reports 9 month net profit of CHF 477.4 mln
Wednesday, 25 Oct 2017 11:00pm EDT 

Oct 25 (Reuters) - Sika Ag :9 month sales growth of 7.9% in local currency (6.8% in CHF) to CHF 4,627.5 million ​.9 month operating result (EBIT) up 13.2%, net profit 14.9% higher ​.9 month operating profit (EBIT) improved by 13.2% to CHF 669.0 million (previous year: CHF 591.2 million) ​.9 month net profit rose strongly by 14.9% to CHF 477.4 million (previous year: CHF 415.5 million) ​.‍Confirmation of 2017 annual targets - annual sales expected to exceed CHF 6 billion for first time​."‍Volatile and rising raw material prices present a challenge in current year"​.Operating profit expected to once again increase at a disproportionately high rate, reaching between CHF 880 million and 900 million for full-year 2017​.  Full Article

Sika CEO: no breakthrough with founding family in Saint-Gobain row
Wednesday, 20 Sep 2017 05:13am EDT 

Sept 20 (Reuters) - Sika AG :Sika ceo says we want to increase the speed of acquisitions.Sika ceo says it is very clear for management and for sika the saint-gobain deal is a no go.Sika ceo says company has made no breakthrough with founding family in fight with saint-gobain.Sika ceo says company buyout of family's shares would be one good way to resolve fight with saint-gobain.Sika ceo says we are ahead of saint-gobain, says sika's results are better.  Full Article

Sika acquires acquires ABC Sealants
Thursday, 24 Aug 2017 01:00am EDT 

Aug 24 (Reuters) - SIKA AG ::SIKA ACQUIRES LEADING TURKISH MANUFACTURER OF SEALANTS AND ADHESIVES.  Full Article

Sika Qtrly sales growth of 8.1 pct to CHF 2,994.9 mln
Wednesday, 26 Jul 2017 11:00pm EDT 

July 26 (Reuters) - Sika Ag :Qtrly sales growth of 8.1% to CHF 2,994.9 million.Qtrly net profit up 16.0% to CHF 285.7 million.Sika ag says strategic targets 2020 were successfully pursued in first half of 2017,.Growth strategy with new targets for 2020 will continue in 2017.Sika ag says strong start to year supports target for full year, which aims at a 6-8% increase in sales to more than chf 6 billion.Sika ag says unknown outcome of Saint-Gobain's hostile takeover attempt remains an element of uncertainty for future.Qtrly earnings per share CHF 111.54.Sika ag says recorded growth in all regions in the quarter.Sika ag says volatile and rising commodity prices present a challenge in current year.In first half of year, negative currency effect reduced sales growth in swiss francs to 6.7%.  Full Article

Sika says Paul Schuler to succeed Jan Jenisch as CEO
Monday, 22 May 2017 01:00am EDT 

May 22 (Reuters) - SIKA AG ::PAUL SCHULER SUCCEEDS JAN JENISCH AS CEO PER JULY 1.HE SUCCEEDS JAN JENISCH WHO HAS ACCEPTED TO BECOME NEW CEO AT LAFARGEHOLCIM.  Full Article

Sika says sales to exceed CHF 6 billion in 2017
Monday, 10 Apr 2017 11:00pm EDT 

Sika AG : Sika AG: Strong start to the year with 10.7% sales growth in the first quarter of 2017 . Sika targets a 6-8% rise in sales to more than CHF 6 billion in 2017 .Volatile and rising commodity prices present a key challenge in current financial year.  Full Article

Saint-Gobain says takes note of ruling by court in proceedings between Sika, Schenker-Winkler
Friday, 28 Oct 2016 03:19pm EDT 

Compagnie De Saint Gobain Sa : Board takes note of ruling by Cantonal court of Zug today in court proceedings between Sika, its majority shareholder Schenker-Winkler . Board of directors affirms that it wishes to pursue the industrial project .Underlines that agreement with burkard family is valid until june 2017 and can be extended by Saint-Gobain until December 2018.  Full Article

Sika agrees to buy assets of Grupo Industrial Alce in Mexico​

ZURICH, Dec 13 Sika has agreed to buy certain assets of Grupo Industrial Alce, the Swiss construction chemicals maker said on Wednesday, extending the waterproofing and roofing brands it has on sale in Mexico.