Sika reported total sales of CHF 5,676.4 million for H1 2025, an increase of 1.6% in local currencies and -2.7% in Swiss francs compared to H1 2024. The weakened US dollar was responsible for the high negative foreign currency impact of -4.3%.
The EBITDA margin expanded to 18.9%, an increase of 20 basis points.
Net profit reached CHF 554.4 million, representing a -3.9% decrease compared to H1 2024, primarily due to high negative foreign currency impact of -4.3% due to the weakness of the US dollar.
Sales growth was driven by Sika’s strong position in the project and infrastructure sector. The EMEA region showed a slight recovery in the construction markets, while the Middle East and Africa recorded double-digit growth.
The Americas region recorded the highest growth rates, with an increase of 3.5% in local currencies, driven mainly by the global expansion of the building structures related to artificial intelligence and digital infrastructure. The positive growth momentum of the previous year continued in Latin America.
In EMEA, sales grew by 1.9% in local currencies. Sika recorded significant double-digit sales increases in the Middle East and Africa. Construction markets are also showing the first signs of a recovery in Eastern Europe.
Sales in the Americas region increased by 3.5% in local currencies. Growth was driven by infrastructure- and data center investment, and commercial construction projects.
The Asia/Pacific region recorded a slight sales decrease of -1.7% in local currencies. Without China’s current development, Sika would have achieved positive low-single-digit growth in the region.
The MBCC integration is very successful and in the first half of 2025 Sika recorded a strong synergy momentum. The MBCC synergy targets were raised by CHF 20 million (new target 2025: CHF 160-180 million, new target 2026: CHF 200-220 million).
Sika continued to drive strategic investments with the acquisitions of Elmich in Singapore, Cromar in the UK, HPS in the US, and Gulf Additive Factory in Qatar. Sika also expanded global production capacity with seven new factories in Singapore, Xi’an and Suzhou (China), Quito (Ecuador), Ust-Kamenogorsk (Kazakhstan), Belo Horizonte (Brazil), and Agadir (Morocco).
Sika will continue to grow above the market and focus on margin improvement. For the 2025 business year, Sika expects a modest sales increase in local currencies. The company continues to expect an over-proportional increase in EBITDA and an EBITDA margin of between 19.5% and 19.8%.
The Half-Year Report 2025, investor presentation, and webcast replay are available at:
🔗 https://reports.sika.com/en/half-year-report-2025/
An interview with CEO Thomas Hasler discussing the half year results is available at:
🔗https://reports.sika.com/en/half-year-report-2025/interview-with-the-ceo
The investor presentation is available at:
🔗https://www.sika.com/en/investors/reports-publications/presentations.html
The webcast for the half-year results is available at:
🔗https://www.sika.com/en/investors/events/sika-live-webcast.html