Report
Chaima Ferrandon ...
  • Sven Edelfelt

Sika : Not such a mild autumn

>Q3 EBIT 5% short of the consensus and margins under pressure - Q3 2022 sales came in at CHF 2.748bn (+14.2% l-f-l and +13.9% in absolute terms), in line with the consensus (CHF 2.747bn est.) and our estimates (CHF 2.718bn est.). As expected, Europe continues to show signs of slowing. L-f-l growth came in at 7.3% after 10% in Q2 and 18% in Q1. In the Americas, growth is also starting to show signs of waning. In organic terms, the pace of growth is probably slowing due...
Underlying
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Chaima Ferrandon

Sven Edelfelt

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