Sika rises after FY results defy tough markets

Vontobel Holding AG

21/02/2025 08:03

** Shares in Sika  SIKA.S  are up 2.8% after the Swiss
specialty chemicals maker reported solid FY results despite
challenging end markets in construction and automotive
    ** Vontobel highlights a disproportionate increase in
profitability, as Sika's full-year net profit of CHF 1.25 BLN is
3% above consensus expectations 
    ** Sika's growth is primarily driven by acquisition effects,
Baader Helvea says
    ** J.P. Morgan says investors may be disappointed by the FY
2025 outlook of 3% to 6% local currency sales growth, which
deviates from the company's planned 6% to 9% local currency
sales growth
    ** Vontobel sees the company's 2025 outlook as optimistic
thanks to lower interest rates and product innovations
    ** Up to the previous session's close, shares were up 9.3%
YTD

 (Reporting by Bernadette Hogg)
 ((bernadette.hogg@thomsonreuters.com))