Sika Raises 2026 Sales Forecast after Strong First Half

In the first half of 2026, Sika generated sales of CHF 5,589.8 million, down 1.5% on the same period last year (Q1 2025: CHF 5,676.4 million), but still exceeding expectations.

Market share gains helped the company outperform a muted global market, as sales grew by 4.0% 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.

Market Share

Sika’s largest region of Europe, Middle East, and Africa (EMEA) achieved H1 sales growth of 7.7% in local currencies (2025: 1.9%), boosted by particularly strong growth in Eastern Europe and the Middle East.

In the Americas region, sales increased by 2.9% (2025: 3.5%). After a slow start to the year, regional performance improved in the second quarter, with strong growth seen across new and refurbishment infrastructure projects.

Data centre activity remained strong and grew at a double-digit rate. In Latin America, performance was mixed, while Canada proved to be resilient.

In the Asia/Pacific region, H1 sales 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 China, Asia/Pacific posted good organic growth of 7.7%. Growth was strong across most of the region, with India and Southeast Asia being standouts.

Fast Forward

Sika says the implementation of its Fast Forward programme to accelerate digital transformation is on track.

The company reports Fast Forward is on track to deliver CHF 80 million of savings in 2026, with CHF 150-200 million annually at full run rate by 2028.

Acquisitions and Investments

In the first half of the year, Sika concluded the acquisition of Swedish mortar manufacturer Finja, strengthening its presence in northern Europe and expanding its presence across the Nordics. The company also announced the acquisition of Turkish-based adhesives and sealants manufacturer, Akkim in H1 2026. The transaction is expected to close in Q3 2026.

Sika also made investments to expand production capacity in growth regions. New plants were opened in Bangladesh, Tanzania, Belgium, Argentina, Colombia, and the USA – specifically in Florida and New Jersey.

The company also established a new national subsidiary in Kyrgyzstan during the first half of the year, reinforcing its presence in Central Asia. Its global network now comprises 103 national subsidiaries.

Outlook

Following a better-than-expected H1 performance, Sika is raising its sales growth expectations for 2026 to between 3% and 6% in local currencies.

For the year as a whole, the company expects to achieve an EBITDA margin of 19.0% to 19.5%, and says it is comfortable with current consensus CHF EBITDA expectations.

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