ZURICH, July 30 Reuters Swiss chemicals maker Sika AG, on Tuesday, reported a 9.2 jump in sales for the first half of the year and reiterated it expects local currency sales growth of 69 and an overproportional increase in EBITDA for the year.

The company, whose products are used to reinforce and waterproof building materials, reported sales of 5.83 billion Swiss francs 6.54 billion for the six months ended June, up from 5.35 billion francs a year earlier.

That beat analysts39; average estimate of 5.78 billion francs, according to Vara Research.

Sika39;s earnings before interest, tax, depreciation and amortisation EBITDA rose 24 to 1.09 billion francs, also topping analysts39; estimates of 1.08 billion francs, per Vara Research.

The fortunes of Sika, whose chemical additives and adhesives are used in the construction and automotive industries, are indicators of broader demand in their respective sectors. 1 0.8865 Swiss francs

Reporting by John Revill and Chandni Shah; Editing by Savio D39;Souza

Source Reuters