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SIKA — Sika AG News Story

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Sika seen rising in pre-market after lifting annual sales outlook

BUZZ-Sika seen rising in pre-market after lifting annual sales outlook

** Shares of Sika SIKA.S are seen up 4.87% in pre-market indications after the Swiss chemicals company published half-year results, raised annual sales guidance

** The company reported a 1.5% increase in half-year sales to CHF 5.59 billion ($6.83 billion)

** Sika also raised its annual sales growth guidance to a range of 3-6% while lowering its margin goal to 19-19.5% from 19.5-20% with Vontobel analysts suspecting rising input costs such as energy as underlying factor

** Vontobel analysts say that the sales guidance upgrade is a "positive surprise" and that its return to organic growth should be well received

** Sika is the top gainer in pre-market indications of the Swiss main index .SSMI

($1 = 0.8190 Swiss francs)


(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com))

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