Latest news for Sika (OTC:SKFOF) Stock

Established in 1910, Sika produces specialty chemicals primarily used by the construction sector (85% of sales). Its products are mainly used for bonding, sealing, reinforcing, and protecting in the construction and automotive industries. Approximately 70% of its products have a positive impact on sustainability for customers. Sika has a global manufacturing footprint of more than 400 factories spread across over 100 countries.

News

Intraday Update

Markets

Movers

Trading Ideas

AAON

AAPL

ADBE

ADSK

AFGC

AGNC

AGRX

AGYS

AIQUY

ALTCY

ANSS

APPF

ATRC

BBSRF

BCOW

BCPC

BDUUF

BESIY

BKHYY

BRMK

BXMT

CGEN

CHME

CNBX

CPWHF

CRMT

CSLLY

CTLT

CYDY

DOOO

ECNCF

EDPFY

ELVT

ENGIY

ENLAY

EPRT

ESOCF

FATE

FOVSY

GFOO

GNRC

Granite Real Estate Inc. Stapled Units, each consisting of one unit of Granite Real Estate Trust and one common share of Granite REIT Inc.

GRP-U

GVDNY

HOLX

HTGC

IBDSF

IESC

ILPT

IVME

JFBC

Janus Henderson Group plc Ordinary Shares

KLIC

KNBIF

KNSL

KNTNF

LAMR

LFVN

LUNA

MINI

MJWL

MOBO

MSTR

MTSI

Stocks That Hit 52-Week Highs On Wednesday

Earnings

SKFOF

Sika Posts Higher Annual Profit

Sika AG

Sika

Sika (OTC: <a class="ticker" href="/stock/skfof#OTC">SKFOF</a>) has agreed to acquire Construction Technologies Australia Pty Ltd (CTA), one of the leading &nbsp;suppliers of tile adhesives and associated mortar products in Australia. CTA generated sales of CHF 22 million in 2014 and has 51 employees. The CTA plants bring Sika's mortar footprint to 79 factories worldwide.  Over the past couple of years CTA has experienced dynamic growth and has established itself as a key supplier to pro dealers with a wide product range comprising tile adhesives and associated mortar solutions. By acquiring CTA, Sika will extend its manufacturing footprint and considerably leverage its core technology powders/mortars to become a leading supplier in Australia of surface preparation, adhesive and waterproofing products for tiling applications. Furthermore, the CTA range of products will give Sika the opportunity to increase its business in new and existing distribution channels and will provide excellent cross selling opportunities. Distribution of CTA's products in New Zealand will transfer to Sika (NZ) Ltd. Managing Director Troy Hogan, and other key members of the CTA team, will stay on with Sika

    <a href="http://www.benzinga.com/pressreleases/15/03/tr5361824/sika-acquires-construction-technologies-australia">See full press release</a>

Press Releases

Sika Acquires Construction Technologies Australia

<b>Sika AG</b> (OTC: <a class="ticker" href="/stock/skfof#OTC">SKFOF</a>) reported a 28% gain in its profit for the 12 months to December 31.

Sika's annual net profit climbed to 441.2 million Swiss francs ($463.5 million), versus a year-ago profit of 344.7 million francs. Analysts were expecting a profit of 414 million francs.

Its sales surged 8.3% to 5.57 billion francs, compared to 5.14 billion francs.

EBIT climbed 21% to 633.2 million Swiss francs.

The company's board proposed a rise in its dividend by 26% to 72 francs per bearer share from 57.00 Swiss francs and by 26% to 12 francs per registered share from 9.50 Swiss francs.

CEO Jan Jenisch said, "Our record year in 2014 is the result of our strategic continuity and the expertise and commitment of our 16,895 employees. Their energy, ideas and active embodiment of the Sika Spirit have taken Sika to the next level of performance."


Comments

Sika

News

Latest news for Sika (OTC:SKFOF) Stock

Wednesday, January 29, 2020

Friday, March 27, 2015

Friday, February 27, 2015

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga