Full Year 2024 Sika AG Earnings Call Transcript
Key Points
- Sika AG (SKFOF) achieved a record net sales of CHF11.76 billion in 2024, marking a 7.4% growth in local currency.
- The company reported an all-time high EBITDA margin of 19.3%, with a significant increase in net profit by 17.4%.
- Sika AG (SKFOF) has successfully integrated MBCC, achieving CHF125 million in synergies, exceeding initial expectations.
- The company has a strong pipeline for M&A activities, focusing on bolt-on acquisitions to drive growth.
- Sika AG (SKFOF) continues to outperform its peers, gaining profitable market share and demonstrating resilience in challenging environments.
- The construction market in China remains challenging, with consumer confidence low and residential sector pressures affecting growth.
- Sika AG (SKFOF) faces uncertainties in Europe, including potential impacts from US tariffs and geopolitical tensions.
- The company's growth in Asia Pacific was negative in Q4, with expectations of a slow start in 2025 due to the Chinese New Year.
- There is a risk of government spending cuts in the US, which could impact infrastructure projects and overall market growth.
- The company anticipates continued wage inflation pressures, although at a slightly reduced level compared to the previous year.
Good morning. I think everything has been said in the video. Are there any questions? No, I think a great introduction. But at the same time, as in Sika, we start for now three years, every meeting, every event with a safety moment also here before we take off like in the airplane, just a little reminder, we don't expect to. (Event Instructions)
So now let's buckle up and then get started. And I think here, to start with the theme -- nothing show here. Can you make it on the screen as well? Okay. I just -- okay, I was here. So the theme of today, we have great results we want to share with you. But at the same time, we would also like to emphasize Sika's stronger than ever.
Stronger than ever on multiple access and started with the sales growth. When we look at the past five years, we've given all the uncertainties that we have, we've COVID with the supply chain disruption, with the integration of the largest-ever transaction in Sika's history, we have increased our sales year-over-year significantly and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
