Sika: High raw-material costs burden results for 2011

In spite of achieving turnover growth of 3% to SFR4.556bn (2010: 4.416bn) in 2011, the Swiss building-chemicals concern Sika AG, Baar, closed out the year with significant declines in results. The EBITDA, at SFR477.4m (576.7m), showed year-on-year decline of 17%. The pre-tax result was down by roughly 22% to SFR315.5m ...

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