The construction chemicals group Sika has announced its financial results for the first quarter of 2026 in a press release. The group recorded sales of CHF 2.49 billion in the first quarter, representing sales growth of 0.9 per cent in local currencies and a decline of 7 per cent in Swiss francs. The decline in Swiss francs is attributable to the strength of the Swiss franc against Asian currencies and the US dollar, according to the company.
The main drivers of growth in local currencies were market share gains across all regions, despite a subdued global construction market. In the EMEA region (Europe, Middle East, Africa), Sika recorded a 3.6 per cent increase in revenue in local currencies in the first quarter (previous year: 0.7 per cent) In the Americas region, Sika recorded a slight decline in sales of 0.8 per cent in local currencies. Whilst economic uncertainties weighed on construction activity in the US, demand in the data centre sector grew at double-digit rates, Sika reports. Canada performed well and Latin America also continued the recovery in construction markets. In the Asia/Pacific region, sales in local currencies fell by 2.2 per cent. The continued weakness of the Chinese construction sector, with double-digit declines, had a particularly negative impact. Positive contributions came primarily from India, South-East Asia and the Automotive & Industry segment.
The completed acquisition of mortar manufacturer Finja (Sweden) and the announcement of the acquisition of adhesives manufacturer Akkim (Turkey) contributed to the increase in market share in the first quarter. Sika is also strengthening its production capacities with new plants in the USA, Tanzania, Argentina, Colombia and Bangladesh.
Sika confirmed its strategic direction and expects revenue growth of 1 to 4 per cent in local currencies for the full year 2026, as well as an EBITDA margin of 19.5 to 20 per cent.
