SIKA reports Q1 2026 sales of CHF 2.49 billion

Completed acquisition of Finja (Sweden) and announced acquisition of Akkim (Turkey); five new production sites opened worldwide

Sika's Q1 2026 sales reached CHF 2.49 billion, a 7.0% decline in Swiss francs compared to the previous year. However, the company achieved 0.9% growth in local currencies, driven by market share gains despite a slow global construction market.

While organic growth dipped slightly to -0.2% (rising to +1.0% when excluding the Chinese market), acquisitions added a 1.1% boost. The overall revenue drop was largely due to a significant -7.9% currency headwind (CHF 213 million) caused by the Swiss franc’s strength against the US dollar and Asian currencies.

Thomas Hasler, CEO: “The current environment highlights Sika’s strengths. As events in the Middle East have unfolded and impacted global supply chains, Sika is stepping up and delivering best-in-class, highly valued solutions to our customers when they need them most. Our global teams have leveraged our scale and agility to forge stronger customer partnerships and further our industry outperformance. Through Fast Forward, we have invested in improving productivity which will deliver CHF 80 million of savings this year. We are accelerating our investment in product innovation and improving our customer value proposition. We will further strengthen our industry leadership through our digital transformation and investment across channels to deliver more of what our customers need, more efficiently, and to profitably accelerate our future market outperformance. We are watchful on the impact of events in the Middle East. We expect global market conditions to remain muted in 2026 and we are acting preemptively.”

SUCCESSFUL IMPLEMENTATION OF FAST FORWARD

Sika has achieved a good start with the implementation of measures as part of the Fast Forward program. The company has made targeted structural adjustments in China and has introduced efficiency-enhancing measures in other markets. With Fast Forward, Sika is accelerating its digital transformation, increasing customer benefits, strengthening its supply chains, driving operational efficiency, and is becoming a digital market leader in the industry. In the current environment of supply chain disruption and input cost volatility, these initiatives are more valued than ever by Sika’s customers. 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 quarter, Sika completed the acquisition of Finja, a leading mortar manufacturer in Sweden, strengthening its presence in northern Europe and expanding cross-selling opportunities. Sika also announced the acquisition of Turkish-based Akkim, a global leading manufacturer of adhesives and sealants with net sales of around CHF 220 million. The transaction is expected to close in the third quarter of 2026.

Sika continued to invest in production capacity during the quarter. New facilities were opened in Florida, USA (concrete admixtures), Tanzania (mortar and concrete admixtures serving East Africa), Argentina (dry mortar), Colombia (mortar, tile adhesives, and coatings), and Bangladesh (concrete admixtures and mortar). The new Florida plant features the highest level of automation of all Sika admixture plants in the country.

OUTLOOK

Sika continues to gain share and outperform its markets. The actions taken through Fast Forward in productivity, innovation, and digitalization are strengthening this position further and delivering results. Sika affirms its medium-term strategic targets for sustainable, profitable growth under the Strategy 2028.

In 2026, Sika expects global market conditions to remain muted, with a low single-digit percentage decline for the year as a whole. While the first half will be softer for the construction industry, the company anticipates a gradual improvement in momentum as the year progresses.

For 2026, Sika still expects sales growth of 1% to 4% in local currencies; in line with the company target of outperforming the market by 3% to 6% in local currencies including bolt-on acquisitions. Sika expects to deliver an EBITDA margin of 19.5% to 20.0% for the year.