The Swiss construction chemicals maker lifted its local-currency sales growth target to 3%-6% after half-year revenue and EBITDA beat analyst expectations despite currency headwinds.
Sika raised its 2026 sales growth guidance to 3% to 6% in local currencies after reporting first-half revenue and EBITDA ahead of analyst expectations, supported by market-share gains in a muted global construction market. Half-year sales fell 1.5% in Swiss francs to 5.59 billion francs, above the 5.44 billion franc Visible Alpha consensus, while sales rose 4% in local currencies. EBITDA came in at 1.06 billion Swiss francs, also above analysts' 1.02 billion franc expectation. Chief Executive Officer Thomas Hasler said the company started the year strongly despite muted markets and geopolitical uncertainty, and said Sika was comfortable with current consensus CHF EBITDA expectations. The Baar-based group, which supplies products used to strengthen and waterproof walls and floors in data centres and other buildings, previously said turmoil in the Middle East had only a limited effect on business because the region accounts for about 4% of group revenue. The company also lowered its full-year EBITDA margin outlook to 19.0% to 19.5% from 19.5% to 20.0%, after several Swiss companies were hit in the first half by a strong franc. Reuters noted Roche was among companies reporting a significant currency impact after the Swiss franc rose on safe-haven demand following the outbreak of the Iran war before easing in recent weeks.