By Pierre Bertrand


Sika AG shares rose Tuesday after the Swiss building-products company raised its sales guidance for 2022 ahead of its capital markets day, setting a new target that analysts say should be within reach.

At 1227 GMT shares were 6.1% higher at CHF214.30.

The company said it now expects sales in local currencies to increase this year by more than 15%, compared with previous guidance of well over 10%, and to register an over-proportional increase in its earnings before interest and taxes.

The company's upgraded sales-growth guidance is slightly under UBS's own 16% estimate and under analysts' consensus estimates of around 17%, UBS analysts said in a research note.

The company's growth in the second half of the year should be boosted between 3% and 4% by the contribution of mergers and acquisitions and double-digit pricing, the analysts said. "The updated guidance is hence not overly demanding for [the second half]," they said.


Write to Pierre Bertrand at


(END) Dow Jones Newswires

October 04, 2022 09:02 ET (13:02 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.