Sika has already forgotten the Covid-19 and Saint-Gobain

Spread the love

The winners of the crisis are not all in the digital world. Sika, a specialist in construction chemicals (waterproofing, gluing, materials), testifies to this with a 1% increase in its profit margin to 14% in 2020 during a year marked by countless health restrictions on construction sites. .

The Zug company, which will present its results in detail on February 19, announced Monday the acquisition of Kreps, a Russian mortar manufacturer. The stock market reacted favorably (+ 1.1%) to the extension to the east of the Swiss group’s empire. Sika stock, which is part of the SMI index of major Swiss stocks, has gained 38% in one year. Why such enthusiasm on the part of investors after an attempted takeover by the French group Saint-Gobain, in 2014, which had led to a four-year legal dispute?