Sika Reports Growth in 2012 Half-Year Report
July 31, 2012
Sika has released a report outlining the company’s 2012 sales at the half-year mark. The company is reporting strong growth for the first half of the year. Sales in the “other segments and activities” sector, which includes the automotive business area were strong, showing an increase of 35.9 percent. The company singles out new technologies and the premium automotive segment as major reasons for the increased sales percentages. Sika also claims the effect of acquisitions are responsible for 19.2 percent of the growth.
The company expects to see continued growth during the second half of the year in nearly all regions. North America is predicted to continue the sales growth, but predictions are unclear for Europe.
Overall, Sika expects its, “margins to remain on a positive year-on-year trend during the second half of the year.”
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