In 2025, Sika delivered 0.6% growth in local currencies, reflecting continued market share gains across all regions despite ongoing challenges in the global construction market. Organic growth was -0.4% for the full year (1.2% excluding Chinese construction businesses), with acquisitions contributing 1.0 percentage points. In Swiss francs, this resulted in sales of CHF 11.20 billion (approx. $14.11 billion), compared to the previous year of CHF 11.76 billion (approx. $14.82 billion), which represents a decline of -4.8%. The currency effect of -5.4% is primarily attributable to the weak U.S. dollar.

Thomas Hasler, Sika CEO, commented on the results, “Despite challenging macro conditions, we achieved modest growth in 2025 and further reinforced our market position. Global markets were soft in the fourth quarter, including U.S. commercial construction trends, which were exacerbated by the government shutdown. Additionally, China saw continued market weakness in the residential building sector. However, our enhanced customer solutions allowed us to maintain pricing discipline and gain market share in every region. While we currently expect global market conditions to remain muted through the first half of 2026, we enter the year with a leaner cost structure and a clear investment roadmap to accelerate innovation and digitization.”

In terms of region, EMEA (Europe, Middle East, Africa) achieved sales growth of 2.2% in local currencies, compared to the previous year’s 7.3%. Business performance was strong in the Middle East and Africa, where Sika recorded double-digit growth. Parts of Southern Europe likewise recorded solid growth rates. Eastern Europe delivered sequential improvement throughout 2025.

In the Americas region, sales increased by 2.2% in local currencies compared sales in the previous year of 11.2%. Following a strong start to the year, conditions softened in the second half. In the fourth quarter, the longest government shutdown in history had a negative impact on commercial construction activity, as reflected in the weakening of a number of construction sector indicators throughout the quarter. In the United States, data center investment remained a bright spot in 2025, while Canada and Latin America were comparatively robust.

In the Asia-Pacific region, sales declined by -5.2% in local currencies compared to the previous-year sales of 2.4%. The results of Asia-Pacific were impacted by the double-digit decline in sales in the Chinese construction business. Excluding China, the region recorded positive growth of 2.9% in local currencies. Sika’s focus in China is on driving structural adjustments and protecting margins. By contrast, Sika reports that the markets in India and Southeast Asia — as well as the Automotive & Industry segment — recorded particularly dynamic growth.

Sika has launched its “Fast Forward” program, aimed at strengthening the organization for the future. The company reports it is accelerating innovation and digital transformation and is building on its leading position across all markets.

As part of the “Fast Forward” program, Sika implemented targeted structural adjustments in China and introduced efficiency-enhancing measures in other markets. Efforts are in full swing to optimize the production network and simplify organizational structures to increase efficiency. At the same time, Sika is investing in accelerating the digital transformation of its entire value chain. The investments will run for the duration of the program through to 2028. Sika expects this to generate annual savings of between CHF 150 and 200 million (approx. $126 million to $252 million), with the full impact expected in 2028. Around CHF 80 million (approx. $101 million) of these savings are expected to take effect in 2026.        

In terms of outlook, Sika now expects full-year 2025 EBITDA margin of slightly above 19%, excluding around CHF 90 million (approx. $113 million) in one-off costs related to the “Fast Forward” program. The updated margin expectation for 2025 reflects the impact of weaker markets on organic revenue growth in the fourth quarter.

Learn more about Sika by visiting www.sika.com.