BRIEF-Sika Reports Qtrly Sales Rise Of 15.4% In Local Currencies To CHF 1,813.6 Mln [Reuters]
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Source: Reuters
BRIEF-Sika Reports Qtrly Sales Rise Of 15.4% In Local Currencies To CHF 1,813.6 Mln April 20 (Reuters) - Sika AG: * STRONG SALES GROWTH IN FIRST QUARTER – SLOWER IN MARCH DUE TO COVID-19 * QTRLY SALES INCREASE OF 15.4% IN LOCAL CURRENCIES TO CHF 1,813.6 MILLION (+10.3% IN CHF) * CONFIRMATION OF 2023 STRATEGIC TARGETS FOR SUSTAINABLE, PROFITABLE GROWTH * FORECAST FOR 2020 NOT YET POSSIBLE DUE TO ONGOING DEVELOPMENTS RELATED TO COVID-19 * SIKA IS SEEKING TO GROW BY 6-8% A YEAR IN LOCAL CURRENCIES BY 2023 * AIMING FOR A HIGHER EBIT MARGIN OF 15-18% FROM 2021 ONWARD Source text for Eikon: Further company coverage:
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