Sika confirms full-year targets as H1 sales rise

  Company financial news

Sika has reported results in line with market expectations, being kept on track to achieve its full-year sales target thanks to the strong start.

Increaseinnetsales
Sika has reported results in line with market expectations
Swiss construction chemicals maker, Sika, confirmed its full-years targets thanks to the strong start, reporting results in line with market expectations during the first half.
The construction chemicals maker, which has been the target of a bitter takeover battle with Saint-Gobain, said operating profit rose 13.7% to CHF 402.1 million (USD 423.3 million), just ahead of analyst forecasts of CHF 397 million in a Reuters poll.
Sales grew 6.7% to CHF 2.995 billion, in line with the poll average of CHF 3 billion. Net profit rose 16% to CHF 285.7 million.
The results were the last under outgoing Chief Executive Jan Jenisch, who has left Sika to take over at cement maker LafargeHolcim. He has been replaced by Paul Schuler, a company veteran who has been CEO since1  July.
Sika said growth came in all the company's regions, with the strongest improvement coming in North America.
Swiss-based Sika said it was on track to achieve its targets of increasing its sales by 6-8% this year to more than CHF 6 billion.
"The positive performance in the first half of 2017, the opening of a further national subsidiary, and the commissioning of three new factories all bring us one step closer to achieving our strategic targets for 2020," Schuler added.
The company said the outcome of its standoff with Saint-Gobain remained an "element of uncertainty for the future".
Sika has clashed with its family shareholder, which wants to sell its controlling stake to Saint-Gobain. A court ruling on the matter...







expand
26.915 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 641 
latest Order by:

All GlassOnline News

Stockmarketquotesonboard

2018-06-22 |  Company financial news
Gujarat Borosil plans to more than double its manufacturing capacity of tempered solar glass from 180 tonnes per day to...

Electroglass

2018-06-22 |  Company news
Interglass has been named agent for Mexico, Central and South America for Electroglass.

Beneq

2018-06-22 |  Other news
Dr Tuomo Suntola, the 2018 Millennium Technology winner for his innovative atomic layer deposition (ALD) technology,...

2018-06-22 |  Representative organizations
During the recent meeting between the heads of the Department of Glass Containers and TC (ITC) 074, attendees discussed...

Liquidglass

2018-06-22 |  Science & technology
German scientists from the New Materials Institute recently invented liquid glass, which is a unique non-toxic...

Verallia

2018-06-21 |  Company financial news
Verallia has announced that it will be investing in its Italian site at Villa Poma, confirming the centrality of Italy...

2018-06-21 |  Events
The annual ATIV conference, to take place in Parma, Italy, on 23 November, will focus on the technological developments...

Vidralacopy

2018-06-21 |  Other news
Vidrala Logistics is the new brand created by Vidrala that provides priority service to Vidrala’s customers, thus f...

Ametekland

2018-06-21 |  Product news
AMETEK Land will be at the ESG Conference in July with its in-furnace thermal imaging Near Infrared Borescope (NIR-B)...

Glassforeurope

2018-06-21 |  Representative organizations
Glass for Europe regrets that the 2030 energy-efficiency target is not set at a level closer to the 40% cost-effective...

MidtownCenterShop5

2018-06-20 |  Building applications
More than 22,000 square metres of architectural glass have transformed the former Washington Post Headquarters into a...

Agc19654

2018-06-20 |  Coatings
AGC Plasma Technology Solutions, a new unit of AGC Glass Europe, will supply the magnetron sputtering coating plant to...

Sangallivetro735x400

2018-06-20 |  Mergers, acquisitions & disposals
Sisecam Group, a global actor in business fields including all main areas of glass industry, has acquired its second...

Ec17bf6ceb43a4ec38a60696865fd14dXL

2018-06-20 |  Other news
The US Window and Door Manufacturers Association has been carrying out lobbying efforts with regards to the announced...

Flatglasssproduction

2018-06-20 |  Representative organizations
The EU Commission has successfully revised the Energy Performance of Buildings Directive which, however, did not...

DrArminPlichtareceivestheGermanInnovationGoldAwardforHelioJetSpectrumCCfromAndrejKupetzGeneralManageroftheGermanDesignCouncilPhotoSCHOTT

2018-06-19 |  Company news
SCHOTT’s LED cabin lighting system HelioJet® SpectrumCC has received the German Innovation Award for its unique concept ...

AGPSOLIVER1000pxlogo

2018-06-19 |  Mergers, acquisitions & disposals
Through its acquisition of Soliver NV, AGP will pave the way to expand its eGlass value proposition into Europe,...

Borkowskimerger345euyshruyh5ym35v8rgg

2018-06-19 |  Mergers, acquisitions & disposals
O-I and Nadir Figureido have resigned from merging, according to a press release published on ISTOÉ.

KuraraySkyline0

2018-06-19 |  Other news
TrosifolTM has announced the launch of a global design competition for projects and structures that incorporate...

Unnamed

2018-06-19 |  Product news
The VK Privacy range from Vitrik uses advanced technology to ensure privacy thanks to a liquid crystal film positioned...

AmericanCopperWeb

2018-06-18 |  Building applications
The result of a collaboration between SHoP, developer JDS, McGrory Glass and Glas Trösch, the 100-meter glass bridge ...

Carlex

2018-06-18 |  Coatings
ORNL's development of a highly durable, thin coating technology was licensed by Carlex Glass America, to help improve...

2018-06-18 |  Company financial news
Apogee will be hosting its 1Q conference call; announcing its 1Q results on 28 June.

CsmGxCosmeticGerresheimeraufMakeUpinParis20180CollageMomignies72dpib50225516a

2018-06-18 |  Events
Gerresheimer will be at the MakeUp trade fair in Paris 21-22 June to unveil its current glass creations for cosmetic...

Glassweb

2018-06-18 |  Markets & trends
Glass is used more and more by Europeans in their choice for food and beverage packaging, considering glass as the most...

Stara

2018-06-15 |  Furnace technology
During the recently-held Furnace solutions event, an engineer from Stara Glass received an award for his presentation – ...

Guardian

2018-06-15 |  Glazing / Insulating Glass
The first application of Guardian Vacuum IG™ is a retrofit at Sherzer Hall at Eastern Michigan University, where the p...

MultitechG

2018-06-15 |  Ig equipment
Multitech G, developed by Alu Pro and Rolltech, engineered by the Glass Alliance labs, ensures superior indoor comfort,...

Vitrologo1

2018-06-15 |  People
With three new appointments, Vitro now has a new director of quality and technical services, an architectural market...

Firendsofglass

2018-06-15 |  Representative organizations
Friends of Glass has called for the public to ‘raise their glass’ to the health of our seas with the launch of the ‘En...

Salesgoal

2018-06-14 |  Company financial news
Quanex has reported growth in net sales for the second quarter, adding that it continued to see strong underlying...

Ertekalogo

2018-06-14 |  Other news
An online auction of float glass production lines and machines, taking place until 19 June, includes machinery from...

Jeldwen

2018-06-14 |  People
Jeld-Wen’s new president and CEO is Gary S. Michel, who joins Jeld-Wen from Honeywell International, to replace Mark B...

Vitrumgol

2018-06-14 |  Representative organizations
Sponsored by Vitrum and ITA, the two-day meeting 6-7 June 2018 brought together the leading global representatives of...

2018-06-14 |  Representative organizations
After 12 months of careful thought and collaboration, AAMA and IGMA have announced that they are engaged in formal...

Sprockets

2018-06-13 |  Anniversary
Pennine recently celebrated its 50th anniversary with a special event for customers, suppliers and friends.

2018-06-13 |  Company news
During the recent edition of Mir Stekla, Heye received a special award for its role as ‘trusted partner’ for the local g...

EVERLAMWHITE

2018-06-13 |  Glazing / Insulating Glass
Everlam™ White PVB for laminated safety glass responds to the growing trend for minimalistic design that is spreading a...

Vidroporto1

2018-06-13 |  Inspection
XPAR Vision was recently chosen by Vidroporto for the installation of the latest generation XPAR IR-D double camera...

Mappi

2018-06-13 |  Tempering technology
When Polish Radaway was looking for innovation to be able to introduce new and more advanced products every year, it...

Vaoalbi

2018-06-12 |  Anniversary
On 9 June, Verallia’s Cognac facility celebrated its 55th anniversary with an open day for the families of the site’s 50...

Glaston

2018-06-12 |  Automation and it
Glaston is taking part in the MIDAS project, which focuses on artificial intelligence, and is Finland’s first machine l...

26.915 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 641 

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © A151 S.r.l. 1996-2018 - All rights reserved

A151 S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2111551 | Share capital: € 10,000 | P.IVA/VAT No.: IT 02769870342