class=”sc-29f61514-0 icZBHN”>
The company is currently targeting operating profit (EBITDA) margins of 20 to 23 percent in the coming years. Sika reached a value of 18.7 percent in 2022. As part of “Strategy 2023” the target was between 15 and 18 percent but for operating profit at the EBIT level.
It was stated that EBITDA was adopted as the most important indicator in the new strategy in order to emphasize the importance of company acquisitions, in which 2 billion dollars of acquisitions have been made in recent years. This can eliminate distortions caused by depreciation of intangible assets.
Sika is targeting 6 to 9 percent growth in local currencies by 2028, compared to its previous target of 6 to 8 percent annually. The company also reported 12.2 percent growth in local currencies in the first eight months of this year.
Sika also maintains its goal of generating free cash flow from the business of more than 10 percent of net sales. Additionally, a return on capital employed (ROCE) of 20 to 25 percent is still targeted.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
