By: ICN Bureau
Last updated : January 13, 2026 9:48 am
2025 EBITDA margin expected to be slightly above 19%, excluding “Fast Forward” one-off costs
In 2025, Sika delivered 0.6% growth in local currencies, a gain attributed to increasing its market share globally despite a difficult construction market.
Organic growth was -0.4% (or 1.2% when excluding Chinese construction businesses), with acquisitions contributing 1.0 percentage points. In Swiss francs, this resulted in sales of CHF 11.20 billion (previous year: CHF 11.76 billion), which corresponds to a decline of -4.8%. The currency effect of -5.4% is primarily attributable to the weak US dollar.
Thomas Hasler, CEO: “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 US 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 digitalization.”
“Our 33,000 employees have played a key role in enabling Sika to continue to outperform our markets and deliver for our customers. For this, I would like to express my sincere gratitude on behalf of the entire Group Management.”
LAUNCH OF “FAST FORWARD”
Through its “Fast Forward” program, Sika is strengthening the organization for the future. The company 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, with the full impact expected in 2028. Around CHF 80 million of these savings are expected to take effect in 2026.
OUTLOOK
Sika now expects full-year 2025 EBITDA margin of slightly above 19%, excluding around CHF 90 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.