By Yifan Wang


Sika AG said Wednesday that 2022 sales rose 13% to a record high, driven by strong growth around the world and particularly fast business expansion in the Americas.

The Swiss specialty-chemical maker's full-year revenue rose to 10.49 billion Swiss francs ($9.68 billion), slightly missing consensus expectations of CHF10.6 billion, according to analysts polled by FactSet.

The company achieved its strong growth in the Americas thanks to more U.S. infrastructure investments and construction projects, it said.

Sika backed its earnings guidance for the fiscal year of 2022, expecting record earnings before interest and taxes and an EBIT margin of 15%.

Sika will report full-year earnings on Feb. 17.


Write to Yifan Wang at yifan.wang@wsj.com


(END) Dow Jones Newswires

01-10-23 2337ET