Swiss Sika rises after H1 results
** Sika SIKA.S rise 2.8% after Swiss chemicals maker reported its half-year results, confirmed FY guidance
** Sika reports 9.2% growth in its half year sales, gross margin at 55.1%
** Jefferies points to "continued strong gross margin" and the upside in MBCC synergies for 2024 - this should boost confidence in FY EBITDA margins estimates and the targeted 20-23% EBITDA range from next year
** Barclays adds guidance confirmation was "probably expected" but may provide hopes for increases, considering the consensus is already towards the top end of sales guide
** Sika eyes 6%-9% increase in FY sales in local currencies and an over-proportional increase in EBITDA
Reporting by Marleen Kaesebier
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