As Sika AG continues to push back against French conglomerate Saint-Gobain’s move to seek controlling interest in the company, the Swiss specialty chemical company also has released its 2014 financial results.
The company reports 13.0 percent sales growth to 6.38 billion U.S. dollars (5.57 billion Swiss francs) and growth in all regions. Sika’s sales are up 15.2 percent in its emerging markets, according to the report. The company saw a 7.9 percent increase in sales in North America.
For the fourth quarter of 2014, Sika’s consolidated net sales rose by 5.1 percent despite a very strong prior-year period (+17.8 percent), according to the report.
“We exceeded our growth targets not only in the last quarter of 2014 but also throughout the entire financial year,” says Sika CEO Jan Jenisch. “These record results were achieved thanks to our employees, who use their expertise and demonstrate huge commitment every day as they implement our growth model. Our Strategy 2018, under which we are accelerating the build-up in the emerging markets, investing in new factories and launching new products, is producing results that exceed our targets and expectations.”