Stock Groups

Sika reports 17.3% jump in full-year sales -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The logo for Sika, a Swiss chemical group, can be seen in Zurich’s headquarters, Switzerland on February 23, 2018. REUTERS/Moritz Hager

(Reuters) – Construction chemicals company Sika announced Tuesday a 17.3% jump in 2021 sales. The increase was due to a raft a acquisitions, and the recovery of the construction industry after the last year’s pandemic. Full-year sales of the Swiss firm, which makes water-proof and reinforced concrete products, rose to 9.24 Billion Francs (or $9.98 billion), from 7.88 billion in 2020.

($1 = 0.9262 Swiss francs)

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