---
title: "Sika worldwide delivers 4.0% local currency revenue growth; Outlook raised to 3–6% local-currency growth."
sdDatePublished: "2026-07-28T11:23:00Z"
source: "https://www.sika.com/dms/getdocument.get/b1b09050-6fe7-4f59-8c3b-c1b797921dd4/glo-en-media-release-hy26-28072026.pdf"
topics:
  - name: "construction and property"
    identifier: "medtop:20000235"
locations:
  - "Canada"
  - "Sweden"
  - "Turkey"
  - "Florida"
  - "Switzerland"
  - "Germany"
  - "India"
  - "Colombia"
  - "China"
  - "Kyrgyzstan"
  - "Argentina"
  - "New Jersey"
  - "Tanzania"
  - "Bangladesh"
  - "Belgium"
---


Sika worldwide delivers 4.0% local currency revenue growth; Outlook raised to 3–6% local-currency growth.

Sika_Media Release_HY26_en

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules
SIKA DELIVERS 4.0% LOCAL CURRENCY REVENUE GROWTH AND
UPGRADES FULL-YEAR GROWTH EXPECTATIONS
•
Sika posts half-year sales growth of 4.0% in local currencies; reported sales of CHF 5.59
billion; (-1.5% in CHF, including a foreign currency effect of -5.5%)
•
Organic growth of 2.9%; acquisition effect of 1.1%
•
Material margin up 60 bps year on year to 55.7%
•
EBITDA of CHF 1.06 billion, with an EBITDA margin of 19.0%; up 10 bps year on year
•
Net profit of CHF 552.1 million (2025: CHF 554.4 million); diluted earnings per share of
CHF 3.43 (2025: CHF 3.45)
•
Operating free cash flow of CHF 139.6 million (2025: CHF 181.9 million)
•
Fast Forward program on track to deliver CHF 80 million in savings in 2026
•
Record employee engagement score of 88 index points, surpassing strategic target
•
Outlook for 2026: Sales growth now expected 3% to 6% in local currencies; EBITDA
margin of 19.0% to 19.5%. Sika is comfortable with current consensus CHF EBITDA
expectations
•
Medium-term targets for sustainable, profitable growth reaffirmed under Strategy
2028
In the first half of the year, Sika delivered 4.0% revenue growth in local currencies, with organic
growth of 2.9%. In the second quarter, both local currency and organic growth accelerated
compared to the first quarter, reaching 6.8% and 5.7%, respectively, with each region recording
stronger revenue growth.
Thomas Hasler, CEO: “In the first half of the year, Sika delivered improved momentum, with the
second quarter building on our good start to the year. Our investments in industry-leading
innovation, efficient global manufacturing and sourcing, and our digital transformation allowed
us to continue to gain market share throughout the first half of the year. Our focus on
delivering a best-in-class customer value proposition and forging strong customer partnerships
meant that we outpaced the construction market. As a result of our accelerating leadership in
MEDIA RELEASE
DATE
PAGE
SIKA AG
July 28, 2026
1 / 7
Zugerstrasse 50
6340 Baar, Switzerland
www.sika.com
CONTACT
PHONE
E-MAIL
Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com

strategically important growth segments such as infrastructure and data centers, we expect to
continue outperforming the industry. More and more customers are relying on Sika for their
most critical projects because of our expertise and innovative solutions. We continuously
innovate to develop and offer industry-leading products, and we partner with customers to
deliver the best solutions. Our customer focus allows us to protect our leading margins.”
“The Fast Forward program further strengthens our competitive position and our profitability.
We will accelerate innovation, channel investments, digitalization, and strengthen our customer
focus while delivering CHF 80 million in cost savings this year.”
“I am extremely proud of the outstanding results of our Global Employee Survey. The
engagement score of 88 index points reflects the exceptional motivation and commitment of
our employees worldwide. In the first half of the year, our teams once again contributed to our
strong results through their dedication and customer focus. Their engagement is the driving
force behind Sika’s success.”
“Our year started strongly against a muted market and geopolitical uncertainty. Our continued
share gains across our markets enable us to raise our revenue growth guidance from 1–4% to
3–6% in local currencies. We are comfortable with current consensus CHF EBITDA
expectations.”
INCREASED MATERIAL MARGIN – EBITDA MARGIN RISES TO 19.0%
In the first half of 2026, Sika grew its material margin to 55.7% (2025: 55.1%). The key factors
behind this increase were a sustained focus on product innovation, procurement efficiency, and
pricing. Half-year EBITDA amounted to CHF 1,063.0 million (2025: CHF 1,070.4 million),
representing a margin of 19.0% (2025: 18.9%).
Net profit in the reporting period amounted to CHF 552.1 million (2025: CHF 554.4 million).
Operating free cash flow amounted to CHF 139.6 million (2025: CHF 181.9 million).
GAINS IN MARKET SHARE ACROSS ALL REGIONS
Sika accelerated local currency growth in the EMEA region (Europe, Middle East, Africa) to 7.7%
(2025: 1.9%) in the first half of the year. Eastern Europe in particular recorded strong growth.
MEDIA RELEASE
DATE
PAGE
July 28, 2026
2 / 7
SIKA AG
Zugerstrasse 50 · 6340 Baar · Switzerland
Phone: +41 58 436 68 00 · www.sika.com

Germany showed an improved second quarter performance. After a dip in March, the Middle
East showed significant momentum in the second quarter and achieved strong double-digit
growth, driven by infrastructure investment projects. Across the EMEA region, Sika’s agile and
resilient supply chain has proven to be a structural advantage – deepening existing customer
partnerships and accelerating new wins.
Sales in local currencies in the Americas region increased by 2.9% (2025: 3.5%). After a slow
start to the year, regional performance improved in the second quarter. Infrastructure
investments remained at a solid level in the first half of the year. Sika delivered strong growth
across new and refurbishment infrastructure projects. Sika’s growing leadership in data center
projects drove another period of double-digit growth in this high-performing category. In
Canada, Sika delivered strong growth through the first half of the year. Performance was mixed
in Latin America, with modest growth overall.
Sales in local currencies in the Asia/Pacific region over the first half of the year decreased
slightly by -2.0% (2025: -1.7%). The Chinese construction industry declined by a double-digit
percentage, driven by continued weakness in residential construction. Excluding the Chinese
construction business, Asia/Pacific posted good organic growth of 7.7%. Growth was strong
across most of the region, with India and Southeast Asia being standouts.
IMPLEMENTATION OF FAST FORWARD ON TRACK
The implementation of Fast Forward is on track. The company has made targeted structural
adjustments in China and introduced efficiency-enhancing measures in other markets. With
Fast Forward, Sika is accelerating digital transformation, improving customer service,
strengthening its supply chains, driving operational efficiency, and delivering on its ambition to
become the digital market leader in the industry. The initiatives under Fast Forward have
enabled Sika to handle recent supply chain volatility and fluctuating raw material costs
effectively, thereby deepening its relationships with customers.
Sika expects to save around CHF 80 million in the 2026 financial year. The total annual savings
of CHF 150 to 200 million will take full effect from 2028.
MEDIA RELEASE
DATE
PAGE
July 28, 2026
3 / 7
SIKA AG
Zugerstrasse 50 · 6340 Baar · Switzerland
Phone: +41 58 436 68 00 · www.sika.com

ACQUISITIONS AND INVESTMENTS
In the first half of the year, Sika concluded the acquisition of the leading Swedish mortar
manufacturer Finja, strengthening its presence in northern Europe and expanding its cross-
selling opportunities across the Nordics. Sika also announced the acquisition of Akkim in the
first half of the year, a leading global manufacturer of adhesives and sealants based in Turkey
with annual net sales of around CHF 220 million. The closing of the acquisition is expected in
the third quarter of 2026.
In the first half of the year, Sika made targeted investments to expand production capacity in
growth regions. New plants were opened in Bangladesh (concrete admixtures and mortar),
Tanzania (concrete admixtures and mortars for East Africa), Belgium (new plant and technology
center for concrete admixtures), Argentina (dry mortar), Colombia (mortar, tile adhesives, and
coatings), and the USA, specifically in Florida (concrete admixtures) and New Jersey (mortar).
The new highly efficient plant in Florida features the highest level of automation among all Sika
admixture plants in the country. In New Jersey, Sika expanded its production capacity in the
northeast region, enabling it to supply construction projects locally in major metropolitan areas
with high-performance products. With its new plant and technology center for concrete
admixtures in Ham, Belgium, Sika is expanding its production and innovation capacity in Europe.
Sika also established a new national subsidiary in Kyrgyzstan during the first half of the year,
reinforcing its presence in Central Asia. Sika’s global network now comprises 103 national
subsidiaries.
OUTLOOK
After a strong first half of the year, Sika is raising its sales growth expectations for 2026 to
between 3% and 6% in local currencies. For 2026, Sika expects the global market to remain
muted. For the year as a whole, Sika expects to achieve an EBITDA margin of 19.0% to 19.5%,
and is comfortable with current consensus CHF EBITDA expectations.
The measures taken as part of Fast Forward to increase productivity, accelerate innovation, and
digitalize the entire value chain are strengthening Sika’s leading market position and delivering
measurable top- and bottom-line results. Sika is confirming its medium-term strategic targets
for sustainable and profitable growth as part of Strategy 2028.
MEDIA RELEASE
DATE
PAGE
July 28, 2026
4 / 7
SIKA AG
Zugerstrasse 50 · 6340 Baar · Switzerland
Phone: +41 58 436 68 00 · www.sika.com

KEY FIGURES FIRST HALF OF 2026
in CHF million
1/1/2025 –
6/30/2025
1/1/2026 –
6/30/2026
Change in %
Net sales
5,676.4
5,589.8
-1.5
Gross result
3,129.1
3,115.3
-0.4
Operating profit before depreciation (EBITDA)
1,070.4
1,063.0
-0.7
Operating profit (EBIT)
798.1
796.1
-0.3
Net profit
554.4
552.1
-0.4
Basic earnings per share (EPS)
3.45
3.44
-0.3
Diluted earnings per share (EPS)
3.45
3.43
-0.6
Operating free cash flow
181.9
139.6
-23.3
Balance sheet total1
15,393.3
16,017.3
Shareholders’ equity1
6,186.1
6,817.2
Equity ratio in %1,2
40.2
42.6
Return on capital employed (ROCE)
in %1,3
13.5
12.0
1 As at June 30, 2025 / June 30, 2026.
2 Shareholders’ equity divided by balance sheet total.
3 Capital employed = current assets, PPE, intangible assets less cash and cash equivalents, current securities,
current liabilities (excluding bank loans and bonds).
MEDIA RELEASE
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July 28, 2026
5 / 7
SIKA AG
Zugerstrasse 50 · 6340 Baar · Switzerland
Phone: +41 58 436 68 00 · www.sika.com

NET SALES BY REGION
MEDIA RELEASE
DATE
PAGE
July 28, 2026
6 / 7
SIKA AG
Zugerstrasse 50 · 6340 Baar · Switzerland
Phone: +41 58 436 68 00 · www.sika.com
in CHF million
1/1/2025 –
6/30/2025
1/1/2026 –
6/30/2026
Change compared to previous year
(+/– in %)

in Swiss
francs
in local
currencies
Currency
impact
Acquisition
effect
By region

EMEA
2,527.7
2,626.4
3.9
7.7
-3.8
2.4
Americas
1,984.4
1,904.8
-4.0
2.9
-6.9
0.2
Asia/Pacific
1,164.3
1,058.6
-9.1
-2.0
-7.1
0.1
Net sales
5,676.4
5,589.8
-1.5
4.0
-5.5
1.1
Products for
construction industry
4,821.7
4,745.4
-1.6
4.1
-5.7
1.3
Products for industrial
manufacturing
854.7
844.4
-1.2
3.6
-4.8
0.0

Webcast on July 28, 2026, at 3:00 p.m. (CEST)
A webcast will be held today in connection with the publication of the half-year results.
www.sika.com/hy-webcast
Click this link to join the webcast with Thomas Hasler (CEO), Adrian Widmer (CFO), Dominik
Slappnig (Head Corporate Communications & IR), and Christine Kukan (Head Investor
Relations).
A recording of the webcast will be made available on the Sika website in the “Investors” area.
FINANCIAL CALENDAR
Sika Investor Day

Thursday, October 1, 2026
Results first nine months 2026

Friday, October 23, 2026
Media conference / analyst presentation
on full-year results 2026

Friday, February 19, 2027
59th Annual General Meeting

Tuesday, March 23, 2027
Net sales first q