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Story summary
- Sika reported Q1 sales of CHF 2.49 billion, a 7% decline year over year and above forecasts of CHF 2.45 billion.
- The drop was mainly caused by foreign exchange effects.
- Local-currency sales rose 0.9% year over year.
- Organic revenue fell 0.2% versus expectations.
- Europe, the Middle East, and Africa grew 3.6% in the quarter.
