Sika stock posts 4.8% nine-month growth, keeps 2026 outlook

Sika reported resilient operating performance for the first nine months of 2026 in a press release carried by GlobeNewswire on October 23. Sales rose 4.8 percent in local currencies to CHF 8.71 billion, while reported growth in Swiss francs was 1.6 percent because of a negative currency effect.

The company said organic growth contributed 3.5 percentage points and acquisitions 1.3 percentage points. The material margin increased to 55.4 percent from 55.0 percent a year earlier, while the EBITDA margin held at 19.2 percent. EBITDA rose 1.9 percent to CHF 1.68 billion and net profit increased to CHF 887.8 million from CHF 870.9 million.

Regional momentum remains uneven

EMEA was the strongest major region, with sales up 8.3 percent in local currencies. Sika cited improved sentiment in Germany after federal funding for large infrastructure projects and strong Middle East demand linked to major infrastructure investment. Heat waves slowed construction activity in parts of Central and Southern Europe during July and August, but the company said activity recovered in September.

Sales in the Americas increased 4.1 percent in local currencies, supported by infrastructure projects, data-center demand and mining solutions. Asia-Pacific sales declined 2.3 percent as Chinese residential construction remained weak. Excluding the Chinese construction business, the region delivered organic growth of 7.7 percent, led by India and Southeast Asia.

Fast Forward and acquisitions

Chief Executive Thomas Hasler said Sika continued to gain market share in a muted market environment, particularly in infrastructure, data centers and energy infrastructure. He also said the Fast Forward program remained on track to deliver CHF 80 million in benefits in 2026, with targeted investments in digitalization, product innovation and digital channels.

Sika completed its acquisition of Turkish adhesives and sealants maker Akkim during the third quarter. The company said Akkim generated about CHF 220 million in sales in 2025 and expects to double its revenue within five years. Sika also acquired UK polymeric-sand producer Azpects and agreed to acquire Resonac's adhesives business in Japan, with closing expected in mid-2027.

Guidance remains unchanged

Sika reiterated its 2026 guidance for local-currency sales growth of 3 to 6 percent and an EBITDA margin between 19.0 and 19.5 percent. The company also cited consensus EBITDA of CHF 2.16 billion as of July 28, 2026. For investors, the figures keep the focus on whether margin discipline, productivity savings and infrastructure exposure can offset weakness in Chinese construction.

Sika stock traded at 212.15 euros on Lang & Schwarz at 11:17 CET on Thursday, November 12, 2026.

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