^Ad hoc announcement in accordance with Article 53 of the SIX Exchange Listing Rules
regulation
SIKA REPORTS SALES OF CHF 2.49 BILLION IN THE 1ST QUARTER 2026
* Sales in the first quarter of CHF 2.49 billion; Sika achieves sales growth
of 0.9% in local currencies (-7.0% in CHF, -7.9% including foreign currency effect)
* Organic growth of -0.2%; Acquisition effect of 1.1%
* Continued investment to support growth: Completion of
Acquisition of Finja (Sweden) and announcement of the acquisition of Akkim
(Türkiye); Opening of five new production sites worldwide
* Fast Forward program on track: savings of CHF 80 million in
Fiscal year 2026
* Confirmation of the outlook for 2026: sales growth of 1% to 4% in
Local currencies and EBITDA margin of 19.5% to 20% expected
* Strategic medium-term goals 2028 for sustainable and profitable growth
confirmed
Sika recorded growth of in the first quarter of the 2026 financial year
0.9% in local currencies. The main drivers were market share gains in all regions
despite a subdued global construction market. Organic growth amounted to
in the first quarter to -0.2% (+1.0% adjusted for the Chinese
Construction business), with acquisitions accounting for 1.1%. In Swiss francs
This resulted in sales of CHF 2.49 billion (previous year: CHF 2.68
billion), which corresponds to a decrease of -7.0%. The foreign currency effect
of -7.9% or CHF 213 million is mainly due to the strong Swiss franc
against Asian currencies and the US dollar.
Thomas Hasler, CEO: “The current environment clearly shows Sika’s strengths. Before the
Background of current developments in the Middle East and the resulting ones
resulting strains on global supply chains, Sika has done everything it can to
to provide customers with first-class, high-quality solutions that make them the most
most urgent need. Our global teams have our size and agility
used to build closer customer partnerships and our
to further expand above-average industry performance.
With Fast Forward we have and will continue to invest in productivity improvements
This means savings of CHF 80 million in the current year
generate. At the same time, we are intensifying our investments in
Product innovations and improve the value proposition for our customers. We
our leadership position in the industry will be through our digital
Transformation and our investments in a wide range of sales channels continue
to serve our customers even more in line with their needs and more efficiently
work and continue our industry superiority in a profitable way
expand. We also expect a subdued global market environment in 2026. About it
We are also closely monitoring the impact of events in the Middle East
be careful to take appropriate measures at an early stage.”
MARKET SHARE GAINS IN ALL REGIONS
In the EMEA region (Europe, Middle East, Africa), Sika recorded first
Quarter sales increase in local currencies of 3.6% (previous year: 0.7%). In
In Europe, Sika achieved a significant month-on-month performance in the quarter
Sales improvement as construction activity increased again after the winter months.
Positive growth impulses came particularly from the southern and southern countries
Eastern Europe. In the Middle East, construction activity slowed after a year
double-digit growth in January and February due to the outbreak of the
conflict in the region.
In the Americas region, sales in local currencies fell by -0.8% (2025:
4.9%). In the USA, strong winter storms and economic strains took their toll
Uncertainties affect construction activity, with the general conditions being those of the fourth
quarter of 2025. Activity in the data center space was
continued to be strong and grew in double digits. In Canada, Sika is in the first quarter
The new year got off to an excellent start and Latin America was able to continue to compete
Build on the growth momentum in the recovery phase of the hardware stores.
In the Asia/Pacific region, sales fell in the first three months of the year
current financial year in local currencies fell by -2.2% (2025:
zero growth). The region’s development in the first quarter continued
impacted by the double-digit decline in sales in the Chinese construction business.
However, adjusted for the Chinese construction business, Asia recorded a decline
positive organic growth of 5.2% and thus an increase compared to
fourth quarter of the previous year. There were particularly positive impulses for growth
India and Southeast Asia as well as from the Automotive & Industry sector.
SUCCESSFUL IMPLEMENTATION OF FAST FORWARD
When implementing the defined as part of the Fast Forward program
Sika has achieved success with this package of measures. So the company has targeted
Structural adjustments implemented in China as well as measures to increase efficiency
initiated in other markets. With Fast Forward, Sika is accelerating digital
Transformation, increases customer benefit, strengthens supply chains, drives the
operational efficiency and becomes the digital market leader in the industry.
Given compromised supply chains and volatile raw material costs
these initiatives are valued more than ever by Sika’s customers.
Fast Forward is on track to deliver savings of
to achieve CHF 80 million. Total annual savings of CHF 150
up to 200 million will be fully effective from 2028.
ACQUISITIONS AND INVESTMENTS
In the first quarter, Sika completed the acquisition of the leading Swedish company
Mortar manufacturer Finja. In doing so, Sika strengthened its presence in Northern Europe
expanded cross-selling potential. Sika also announced the takeover
from Akkim, a world-leading manufacturer of adhesives and sealants
with net proceeds of around CHF 220 million based in Turkey. The
The acquisition is expected to close in the third quarter of 2026.
Sika made a targeted effort to expand production capacity in the first quarter
invested. New plants were opened in Florida, USA, (concrete admixtures), Tanzania
(mortar and concrete admixtures for East Africa), Argentina (dry mortar),
Colombia (mortars, tile adhesives and coatings) and Bangladesh
(concrete admixtures and mortar) opened. The new plant in Florida has
the highest level of automation of all Sika additives plants in the country.
OUTLOOK
Sika is continuously expanding its market shares and is thus achieving a
Market outperformance. The measures taken under Fast Forward
in the areas of productivity, innovation and Digitalization build these
leadership position and show measurable success. The company
reiterates its medium-term strategic goals for sustainable and
profitable growth as part of Strategy 2028.
For the full year 2026, Sika continues to expect a subdued global economy
market environment and a decline in the low single-digit percentage range. While
The first half of the year is expected to be weaker for the construction industry
the company will see a gradual improvement as the year progresses
Dynamics.
For 2026, Sika continues to expect sales growth of 1% to 4%
local currencies. This is in line with the company’s goal
Market increased by 3% to 6% in local currencies, including bolt-on acquisitions
surpass. For the year as a whole, Sika expects an EBITDA margin of 19.5%
20.0%.
NET REVENUE IN THE FIRST THREE MONTHS OF 2026
—————————————————————————————-
1/1/2025 1/1/2026
– – Change compared to previous year
in CHF million March 31, 2025 March 31, 2026 (+/- in %)
—————————————————————————————-
in
CHF in local currency acquisition organic
currencies effect effect growth
—————————————————————————————-
By regions
—————————————————————————————-
EMEA 1,204.1 1,186.1 -1.5 3.6 -5.1 2.1 1.5
—————————————————————————————-
Americas 934.7 833.3 -10.8 -0.8 -10.0 0.4 -1.2
—————————————————————————————-
Asia/Pacific 539.5 470.8 -12.7 -2.2 -10.5 0.1 -2.3
—————————————————————————————-
Net proceeds 2,678.3 2,490.2 -7.0 0.9 -7.9 1.1 -0.2
—————————————————————————————-
Products for
the
Construction industry 2,248.0 2,077.8 -7.6 0.5 -8.1 1.3 -0.8
—————————————————————————————-
Products for
the
industrial
Manufacturing 430.3 412.4 -4.2 3.1 -7.3 0.0 3.1
—————————————————————————————-
+——————————————————————————–+
| Webcast on April 14, 2026 at 2:00 p.m. (CEST) |
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|In connection with the sales results for the first three months will take place today|
|a webcast will take place. |
| |
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|Webcast First Quarter 2026 Net Sales |
|(https://event.choruscall.com/mediaframe/webcast.html?webcastid=JcQVhRmA&mc_ph|
|ishing_protection_id=28398-d7acfnrjhva41mcs8j4g) |
| |
| |
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|You can use this link to attend the webcast with Thomas Hasler (CEO), Adrian Widmer|
|(CFO), Dominik Slappnig (Head Corporate Communications & IR) and Christine |
|Kukan (Head Investor Relations) participate. |
| |
| |
| |
|The recording of the webcast can be found on the Sika website in the section |
|«Investors». |
+——————————————————————————–+
CALENDAR
Half-year report 2026 Tuesday, July 28, 2026
Capital Markets Day Thursday, October 1, 2026
Result nine months 2026 Friday, October 23, 2026
Media conference/analyst presentation Friday, February 19, 2027
on the annual results for 2026
59th Annual General Meeting Tuesday, March 23, 2027
Sales first quarter 2027 Tuesday, April 13, 2027
COMPANY PROFILE SIKA AG
Sika is a specialty chemicals company, a global leader in the
Development and production of systems and products for bonding, sealing,
Damping, reinforcing and protecting in construction and industry. Sika is worldwide
present with subsidiaries in 103 countries, produced in over 400
Factories, develops innovative technologies for customers around the globe and
thus contributes significantly to the sustainable transformation in the construction and
transportation. The 33,700 employees generated income in 2025
a turnover of CHF 11.20 billion.
CONTACT
Dominik Slappnig
Corporate Communications and
Investor relations
+41 58 436 68 21
[email protected] (mailto:[email protected])
The media release is available as a PDF at the following link:
Media release (https://ml-eu.globenewswire.com/Resource/Download/37320cc5-
3e06-4fb4-ae81-6f642a5646c9)
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