What is Sika's updated 2026 sales growth forecast and EBITDA margin target, and how does this compare to its first-half financial performance?

Sika raised its 2026 sales growth forecast to between 3% and 6% in local currencies and expects an EBITDA margin of 19.0% to 19.5% for the full year. This outlook comes despite reporting a slight decline in first-half 2026 net profit of CHF552.1 million (down 0.4% year-on-year) and net sales of CHF5.5 billion (down 1.5% year-on-year).

How did regional construction dynamics — particularly in EMEA, the Americas, and APAC — influence Sika’s 2026 growth expectations?

In EMEA, uneven macroeconomic conditions — including Middle East conflict-driven energy price spikes and inflation — weighed on Western Europe (forecast 1.8% output growth), though GCC economies like the UAE saw buoyant government investment; the broader Middle East and Africa region is expected to grow ~2%, with Sub-Saharan Africa (led by Ethiopia) outpacing EMEA. In the Americas, North America is forecast to grow 1.3% (Canada slightly outpacing the US), driven by infrastructure and data center construction, while Latin America is expected to recover to ~3% construction growth; Sika gained market share via value-adding solutions. In APAC, China’s output is projected to contract by 1.0%, but India and Southeast Asia (especially Vietnam and India) delivered strong local-currency growth, supporting the company’s upgraded outlook.

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Sika Reports Slight Profit Dip, Upgrades Growth Forecast

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