Ad hoc announcement pursuant to Article 53 of the Listing Rules of the SIX Exchange Regulation SIKA GROWS GLOBALLY BY 1.6% IN LOCAL CURRENCIES AND INCREASES PROFIT MARGIN * Sales in the first half of CHF 5,676.4 million (previous year: CHF 5,834.8 mill...

Ad hoc announcement pursuant to Article 53 of the Listing Rules of SIX Exchange
regulation
SIKA GROWS WORLDWIDE BY 1.6% IN LOCAL CURRENCIES AND INCREASES PROFIT MARGIN
* Sales in the first half of CHF 5,676.4 million (previous year: CHF 5,834.8
million)
* Sales increase of 1.6% in local currencies, of which 0.6% organic growth
and 1.0% acquisition effect
* Weaker US dollar largely responsible for high
Foreign currency effect of -4.3%
* Material margin at a consistently high level of 55.1% (previous year: 55.1%)
* Increase in EBITDA margin to 18.9% (previous year: 18.7%), supported by
strong synergy dynamics; MBCC synergy targets for 2025 and 2026 by CHF 20
millions raised
* Targeted investments in future growth:
* Strategic acquisition of Elmich (Singapore), Cromar (UK), HPS (USA)
 and
Gulf Additive (Qatar)
* Expansion of global production capacity through new factories in
Singapore, Xi'an and Suzhou (China), Quito (Ecuador), Ust-Kamenogorsk
(Kazakhstan),
Belo Horizonte (Brazil) and Agadir (Morocco)
* Outlook for the 2025 financial year:
* Despite the uncertain market development, Sika intends to continue to be stronger than
the market grows and focuses on improving margins
* Slight increase in sales in local currencies expected for the full year
* Disproportionate EBITDA increase and EBITDA margin between 19.5% and
19.8%
* Strategic medium-term targets for 2028 for sustainable, profitable growth
 confirmed
Sika is in the first half of 2025 despite a difficult economic
environment in local currencies and increased compared to the
Compared to the same period of the previous year, the profit margin increased to EBITDA level.
weaker US dollar, which fell 10% against the Swiss franc in the second quarter
has lost value, as well as the ongoing uncertainties on the world markets
were reflected in the results.
Thomas Hasler, CEO: «In a challenging market environment, it is once again
managed to grow above the industry trend and gain further market share
We are particularly strong in the project and infrastructure sector
positioned - these include in particular future-oriented and high-growth
Segments such as the global expansion of building structures in the field of artificial
Intelligence and digital infrastructure. With more than 1,000 data centers,
have been built with our technologies so far, and a strong project
Pipeline, Sika has established itself as a preferred partner of technology leaders
Together with our customers, we are driving digital
Infrastructure of the future."
Increase EBITDA margin and raise MBCC synergy targets
In the first half of 2025, Sika increased sales in local currencies by 1.6%.
The foreign currency effect amounted to -4.3% due to the weakness of the US dollar.
Sika achieved sales in Swiss francs of CHF 5.68 billion
(Previous year: CHF 5.83 billion). In a declining overall market, Sika
managed to achieve positive organic growth of 0.6%.
The material margin was maintained at a consistently high level of 55.1%
(previous year: 55.1%). Against the background of stable input costs, additional
Efficiency gains and strong synergy dynamics, the EBITDA margin increased to 18.9%
(previous year: 18.7%). The MBCC synergy targets were increased by CHF 20
million (new target 2025: CHF 160-180 million, new target 2026:
CHF 200-220 million). Operating profit before depreciation and amortization
(EBITDA) reached CHF 1,070.4 million in the first half of the year, a slight
lower value compared to the previous year, which is due to strong foreign currency effects
is due to.
In line with the multi-year average, but below the exceptional
high previous year's figure, Sika's operating free cash flow was CHF 181.9
million (previous year: CHF 401.3 million). The reduction is due to an increase
of net working capital, unfavourable currency developments and high
Investments in future growth. The majority of the
operating free cash flow will be generated in the second half of the year
and is supported by group-wide initiatives to optimize net working capital
supports.
INVESTMENTS AS AN ENGINE FOR FURTHER GROWTH
In the first half of 2025, Sika invested specifically in strengthening its global
Market position invested and acquired four companies and seven new plants
With over 400 production sites in 102 countries,
The company has a comprehensive global manufacturing network and
produces its cutting-edge technologies directly on site. This means that Sika is largely
independent of trade tariffs and can serve its customers even under demanding
Reliably supply market conditions.
Market share was gained in all regions. In addition,
Investments were made worldwide - both in complementary, smaller
acquisitions as well as the expansion of production capacities for
Supporting future growth. A strategically important step was the
Minority stake in Giatec(TM) Scientific Inc., a world-leading
Giatec, a digital concrete technology company based in Canada.
specializes in intelligent testing methods and AI-supported solutions and
develops innovative sensors, software solutions and data analysis tools for
Optimizing the quality, durability and sustainability of concrete - from the
Production through transport to processing on site and
for later monitoring of the structures.
GLOBAL MARKET SHARE GAINS - SLIGHT RECOVERY IN THE EMEA REGION
The first half of the year showed a slight recovery in the DIY markets in the largest
EMEA region (Europe, Middle East, Africa), with increased growth of
3.1% in local currencies in the second quarter (1st quarter: 0.7%). For the entire
In the reporting period, sales growth in local currencies was 1.9% (previous year:
13.5%). Sika recorded significant double-digit sales increases in the
countries in the Middle East and Africa. In Eastern Europe, too, the construction markets
first signs of recovery. In Germany, Sika is leading the way with its strong
Sales organization is excellently positioned to benefit from the recently adopted
The government's infrastructure package provides for investments over
over a period of ten years of EUR 500 billion in the modernisation and
the expansion of national infrastructure.
Sales in the Americas region increased by 3.5% in local currencies
(previous year: 15.1%). After a good start to the financial year, the
Different signals in US trade policy have led many market participants
which has also slowed down market dynamics somewhat.
Sika’s growth in the USA and Mexico has slowed, while
in Latin America, the positive growth momentum of the previous year continued.
Investments in data centers and in
government-supported infrastructure and commercial construction projects. Thanks to Sika's local
Presence - almost 100% of the products and solutions sold in the USA are
also manufactured in the country itself - as well as the leading market position in
In this challenging environment, Sika was able to better
than the overall market.
In the Asia/Pacific region, sales in local currencies in the first half of the year
slightly down by -1.7% (previous year: 8.0%). This result is mainly due to
on the challenging, deflationary market environment in the Chinese construction sector
in which Sika focused on protecting margins and
Without the negative developments in China,
Sika achieved positive growth in the low single-digit range in the region
Sika's markets in the region developed particularly dynamically
in India and Southeast Asia as well as in the Automotive & Industry sector, where the
The company is increasing the share of its technologies in vehicles, both local and
international manufacturers were able to further expand.
OUTLOOK
Despite the ongoing uncertain market development, which is particularly due to
ongoing trade conflicts, Sika intends to continue to be stronger than
the market is growing and focuses on improving margins.
For the 2025 financial year, Sika expects a slight increase in sales in
Local currencies. The company continues to expect a disproportionate
EBITDA increase and an EBITDA margin of 19.5% to 19.8%.
Sika confirms its strategic medium-term targets for 2028 for sustainable,
profitable growth.
KEY FIGURES FIRST HALF OF 2025
-------------------------------------------------------------------------------
1.1.2024 1.1.2025
in million CHF -30.6.2024 -30.6.2025 Change in %
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Net revenue 5,834.8 5,676.4 -2.7
-------------------------------------------------------------------------------
Gross profit 3,217.6 3,129.1 -2.8
-------------------------------------------------------------------------------
Operating profit before
Depreciation (EBITDA) 1,092.9 1,070.4 -2.1
-------------------------------------------------------------------------------
Operating profit (EBIT) 822.2 798.1 -2.9
-------------------------------------------------------------------------------
Profit after tax 577.1 554.4 -3.9
-------------------------------------------------------------------------------
Basic earnings per
 Share (in CHF) 3.59 3.45 -3.9
-------------------------------------------------------------------------------
Diluted earnings per
 Share (in CHF) 3.59 3.45 -3.9
-------------------------------------------------------------------------------
Operative freelance
Cash flow 401.3 181.9 -54.7
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Total assets(1) 15,977.2 15,393.3
-------------------------------------------------------------------------------
Consolidated
Equity(1) 7,046.8 6,186.1
-------------------------------------------------------------------------------
Equity ratio in
%(1,)(2) 44.1 40.2
-------------------------------------------------------------------------------
Yield on the
invested capital
(ROCE)
in %(3) 13.4 13.5
-------------------------------------------------------------------------------
(1) As of 31 December 2024 and 30 June 2025, respectively.
(2) Group equity divided by total assets.
(3) Capital employed = current assets, tangible assets, intangible assets
less cash and cash equivalents, short-term securities, short-term
Debt capital (excluding bank debt and bonds).
NET REVENUE OF THE REGIONS
-------------------------------------------------------------------------------
1.1.2024 1.1.2025 Change compared to previous year
 in CHF million -June 30, 2024 -June 30, 2025 (+/- in %)
-------------------------------------------------------------------------------
in
CHF in local currency acquisition
currencies effect effect
-------------------------------------------------------------------------------
By region
-------------------------------------------------------------------------------
 EMEA 2,565.3 2,527.7 -1.5 1.9 -3.4 0.5
-------------------------------------------------------------------------------
 Americas 2,045.1 1,984.4 -3.0 3.5 -6.5 2.2
-------------------------------------------------------------------------------
Asia/Pacific 1,224.4 1,164.3 -4.9 -1.7 -3.2 0.4
-------------------------------------------------------------------------------
Net revenue 5,834.8 5,676.4 -2.7 1.6 -4.3 1.0
-------------------------------------------------------------------------------
Products for
the -4.5 1.2
Construction industry 4,949.6 4,821.7 -2.6 1.9
-------------------------------------------------------------------------------
Products for
the -3.7 0.0
industrial
Manufacturing 885.2 854.7 -3.4 0.3
-------------------------------------------------------------------------------
+-------------------------------------------------------------------------------+
| |
| |
| Webcast on July 29, 2025, at 3:00 PM (CEST) |
| |
| |
| |
|In connection with the publication of the half-year results, a|
|Webcast. |
| |
| |
| |
|www.sika.com/hy-webcast |
|(https://event.choruscall.com/mediaframe/webcast.html?webcastid=8D4I49oY&mc_ph|
|ishing_protection_id=28398-d1h53fjjhvads547uipg) |
| |
| |
| |
|You can join the webcast with Thomas Hasler (CEO), Adrian Widmer|
|(CFO), Dominik Slappnig (Head Corporate Communications & IR) and Christine |
|Kukan (Head of Investor Relations) will attend. |
| |
| |
| |
|The recording of the webcast will be available on the Sika website in the “Investors” section.|
|are available. |
| |
| |
+-------------------------------------------------------------------------------+
CALENDAR
Friday, October 24
 Result nine months 2025 2025
Tuesday, January 13
Sales 2025 2026
Media conference/analyst presentation Friday, February 20
to the annual results 2025 2026
58th Annual General Meeting Tuesday, 24 March 2026
Sales first quarter 2026 Tuesday, April 14, 2026
Half-Year Report 2026 Tuesday, July 28, 2026
SIKA COMPANY PROFILE
Sika is a specialty chemicals company, a global leader in
Development and production of systems and products for bonding, sealing,
Damping, reinforcing and protecting in construction and industry. Sika is a global
present with subsidiaries in 102 countries, produced in over 400
factories, develops innovative technologies for customers around the globe and
thus contributes significantly to the sustainable transformation in the construction and
The more than 34,000 employees generated
2024 a turnover of CHF 11.76 billion.
CONTACT
Dominik Slappnig
Corporate Communications and
Investor Relations
+41 58 436 68 21
[email protected] (mailto:[email protected])
The press release is available as a PDF at the following link:
Press release (https://ml-eu.globenewswire.com/Resource/Download/2858bb08-
ef88-4cb8-a89a-7d6e438d9f44)
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