Sika (SIKA) AGM 2026 summary

Opening remarks and agenda

• Warm welcome extended to shareholders, board members, management, and employees, with emphasis on safety and meeting logistics.

• Meeting invitation and agenda issued in compliance with legal requirements; all documents made available in advance.

• Shareholders could participate in person or electronically, with voting and Q&A procedures clearly explained.

Financial performance review

• Share price in 2025 underperformed key indices, reflecting global construction market challenges and geopolitical impacts, especially in the US and China.

• Despite a 23.6% share price drop, achieved 0.6% growth in local currencies, outperforming a global market decline of 2.5%.

• EBITDA margin impacted by one-off Fast Forward program costs; otherwise would have reached 19.2%.

• Operational free cash flow at 12.1% of sales, exceeding targets for the third consecutive year.

Strategic initiatives and plans

• Strategy 2028 focuses on market penetration, innovation, sustainability, acquisitions, and culture.

• Medium-term goals: 3%-6% annual growth above market, 20%-23% EBITDA margin, and over 10% operating free cash flow.

• Fast Forward program launched to drive efficiency, digitalization, and cost savings of CHF 80 million in 2026.

• Continued investment in R&D (CHF 280 million, 1,800 specialists) and digital transformation.