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MEDIA RELEASE DATE PAGE SIKA AG April 20 , 2021 1/5 Zugerstrasse 50 6341 Baar , Switzerland www.sika.com CONTACT TELEPHONE EMAIL BUILDING TRUST Jika Dominik Slappnig Corporate Communications and Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com DYNAMIC GROWTH - NEW SALES RECORD IN FIRST QUARTER - ANNUAL TARGET RAISED SIKA AG Zugerstrasse 50 6341 Baar Switzerland Tel .: +41 58 436 68 00 Fax : +41 58 436 68 50 www.sika.com Sales increase of 12.6 % in local currencies Q1 sales of CHF 1,998.6 million ( + 10.2 % in CHF ) Negative currency effect of -2.4 % Acquisition of Kreps ( Russia ) , DriTac ( USA ) , and BR Massa ( Brazil ) Outlook for 2021 fiscal year o Double - digit sales growth in local currencies ( previously : local currency growth of 6 % -8 % ) o Over - proportional increase in EBIT , EBIT margin to reach 15 % for the first time Confirmation of 2023 strategic targets for sustainable , profitable growth Despite the ongoing COVID - 19 pandemic , Sika has had a dynamic start to the 2021 fiscal year , continuing its growth trajectory in the first quarter with a new sales record of CHF 1,998.6 million . This equates to an increase of 12.6 % in local currencies . Sales growth in Swiss francs amounted to 10.2 % , which includes a negative currency effect of -2.4 % . The acquisition effect was 1.5 % . Organic growth in the first quarter amounted to 11.1 % . Paul Schuler , Chief Executive Officer : " As the new year got underway , we were able to seamlessly build on our strong performance in the fourth quarter of last year . We made targeted use of our growth momentum and further expanded market shares in the majority of our markets . Both in the project business and the distribution business , we are benefiting from strong customer demand for our high - quality , innovative , and sustainable solutions . These not only help our customers master their projects and challenges , but also contribute to greater sustainability in the construction sector and to environmentally - friendly mobility . The COVID - 19 pandemic will be with us in 2021 too . After a year's experience of doing business in this environment , it is clear that we are on the right course with the implementation of numerous digital initiatives and are