Sika reports record annual operating profit in 2022

February 17, 2023 03:17 PM AEDT | By Reuters
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(Reuters) - Swiss chemicals company Sika AG reported a better-than-expected operating profit for 2022 on Friday, and said it expects sales to increase by 6-8% in local currencies for 2023.

The company reported operating profit rose by 13.5% to a record 1.58 billion Swiss francs ($1.70 billion), in line with its guidance and beating analysts' expectation of 1.57 billion francs.

Sika also reported an operating profit margin of 15.1%. ($1 = 0.9280 Swiss francs)

(Reporting by John Revill in Zurich and Shivani Tanna in Bengaluru)


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