Published on April 3rd, 2015 | by Daily Station Team
Sika Reports 2014 Financial Results: Achieves Higher Profit for the Year
Sika AG (SKFOF) recently posted their financial results for the 2014 fiscal year. The company reported that their profit had increased by 28 percent for the 12 months that ended on December 31st, 2014.
Thus, the company’s net profit for the year rose from 344.7 million Swiss Francs in 2013 to 441.2 million Swiss Francs ($463.5 million) in 2014. Analysts had expected the company to generate a profit of around 414 million Swiss Francs.
Sika saw their sales grow by 8.3 percent to reach 5.57 billion Swiss Francs. This is compared to the previous year, when the company generated sales of 5.14 billion Swiss Francs.
The company’s EBIT increased by 21 percent, to reach 633.2 million Swiss Francs.
The board of Sika recommended the dividend be raised from 57 Swiss Francs per share to 72 Swiss Francs per share, indicating a 26 percent increase. Additionally, they also suggested an increase in dividend per registered share from 9.5 Swiss Francs to 12 Swiss Francs, also a 26 percent increase.
The Chief Executive Officer of Sika, Jan Jenisch, stated that 2014 was a record year and the results were owed to commitment and expertise of the company’s 16,895 employees as well as their strategic continuity. He explained that their employees’ active embodiment of the Sika spirit as well as their energy and ideas took Sika to an entirely new level in terms of performance.
Sika’s stock has been trading between a low of $3,325 per share and a high of $4,075 per share. The company has a market cap of $8.76 billion and a price to earnings ratio of 20.1.