Sika maintains its market position in economic downturn
In the year 2001 the Sika Group generated sales of CHF 2103 m, representing a rise of 5.3%. Consolidated net profit amounts to CHF 60.1 m (previous year CHF 104.6 m). Cash flow decreased from CHF 235.4 m to reach CHF 178.5 m, while free cash flow increased to CHF 67.1 m (previous year CHF -100.3 m, with investments in acquisitions amounting to
CHF 54.1 m).
The Holding's net profit of CHF 35.5 m (previous year CHF 39.8 m) enables the Board of Directors to propose to the Annual General Meeting an unchanged dividend of 23 %.
Sales grew in line with expectations during the first three months of the year 2002 reaching CHF 464 m (previous year CHF 472 m). This corresponds to a year-on-year growth of 3.5% in local currencies. The gross margin could be increased.
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