IHS Chemical Week

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Sika's Profits Impacted by Exchange Rates and Raw Material Prices

8:28 AM MST | March 1, 2012 | Sotirios Frantzanas

Construction chemicals company Sika (Baar, Switzerland) says net profits in full-year 2011 decreased 30.8% year over year, to SF214.8 million ($237.6 million). Ebitda and Ebit also went down 17.2% and 21% in full-year 2011, to SF477.4 million and SF347.1 million, respectively, Sika says. Sales were SF4.56 billion in full-year 2011, 3.2% up compared with SF4.42 billion in full-year 2010, the company says. Sika did not announce financial results for the fourth quarter of 2011.  The strong Swiss currency was the main reason behind the decrease in profits, and...

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