Sika Ltd

Latest Results (21.10.2025):

Sika Ltd reported its financial results for the full year of 2023, demonstrating a robust performance with significant growth in key areas despite facing certain challenges. The company maintained a strong balance sheet and upheld its A– credit rating, reflecting its solid financial health and operational resilience.

Net Sales Growth

For the year ended December 31, 2023, Sika Ltd achieved net sales of CHF 11,238.6 million, marking a 7.1% increase compared to CHF 10,491.8 million in 2022. This growth underscores the company's effective market strategies and expanding customer base.

Enhanced Gross Result

The gross result surged by 16.3%, rising to CHF 6,024.8 million in 2023 from CHF 5,179.8 million in the previous year. This improvement highlights Sika's ability to optimize production efficiencies and manage material costs effectively.

Operating Profit Stability

Operating profit slightly decreased by 1.9%, amounting to CHF 1,549.1 million in 2023 compared to CHF 1,579.7 million in 2022. Despite the marginal decline, the company maintained a strong operating position through disciplined expense management.

Net Profit Performance

Net profit attributable to Sika shareholders stood at CHF 1,062.6 million in 2023, an 8.6% decrease from CHF 1,162.5 million in 2022. This decline was influenced by increased income taxes and other financial factors.

Strong Free Cash Flow

Sika Ltd generated an operating free cash flow of CHF 1,372.7 million in 2023, showcasing the company's robust cash generation capabilities and its ability to fund operations and investments effectively.

Comprehensive Income and Equity

Comprehensive income dropped by 64.3%, totaling CHF 306.8 million in 2023 compared to CHF 860.1 million in 2022. Nevertheless, equity attributable to Sika shareholders increased to CHF 5,920.4 million, reflecting solid capital management and reinvestment strategies.