Sika Raises 2026 Outlook Following Strong First-Half Growth
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Sika reported first-half 2026 revenue growth of 4.0% in local currencies, with organic growth of 2.9%. In the second quarter, both local currency and organic growth accelerated to 6.8% and 5.7%, respectively, with every region posting stronger revenue growth than in the first quarter.
"Our year started strongly against a muted market and geopolitical uncertainty," said Thomas Hasler, CEO. "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."
In the first half of 2026, Sika increased its material margin to 55.7% (2025: 55.1%), driven by product innovation, procurement efficiency, and pricing. EBITDA totaled CHF 1.063 billion (approx. $1.315 billion) compared to CHF 1.070 billion (approx. $1.324 billion) in 2025, with the EBITDA margin improving slightly to 19.0% from 18.9% a year earlier.
Net profit was CHF 552.1 million (approx. $683.5 million), compared with CHF 554.4 million (approx. $686.4 million) in the first half of 2025. Operating free cash flow totaled CHF 139.6 million (approx. $172.8 million), compared with CHF 181.9 million (approx. $225.8 million) in the prior-year period.
In the EMEA region, local currency sales increased 7.7%, driven by strong growth in Eastern Europe, improving performance in Germany, and double-digit growth in the Middle East supported by infrastructure investments. Sales in the Americas rose 2.9%, reflecting improving second-quarter performance, continued infrastructure spending, strong growth in data center projects, and solid results in Canada. Asia/Pacific sales declined 2.0% due to continued weakness in China's construction market. Excluding China's construction business, however, the region posted organic growth of 7.7%, led by India and Southeast Asia.
During the first half of the year, Sika completed its acquisition of Swedish mortar manufacturer Finja, strengthening its presence in northern Europe and expanding cross-selling opportunities across the Nordic region. The company also announced its planned acquisition of Turkey-based adhesives and sealants manufacturer Akkim, which generates annual net sales of approximately CHF 220 million (approx. $272.2 million). The transaction is expected to close in the third quarter of 2026.
Learn more about Sika at sika.com.
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