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.

• Statutory requirements for the meeting and agenda were fulfilled, with documents made available in advance.

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

Financial performance review

• 2025 share price declined 23.6%, underperforming indices due to global construction market weakness and geopolitical factors.

• Despite a 2.5% global market decline, achieved 0.6% growth in local currencies and outperformed competitors by 2-3%.

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

• Operational free cash flow reached 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 >10% operating free cash flow.

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

• Continued expansion in emerging markets and investments in local production facilities.