Sika (SIKA) Q3 2026 earnings summary

Executive summary

• 9M sales were CHF 8,711.8m, up 4.8% in local currencies and 1.6% reported; Q3 local-currency growth was 6.1%.

• Local-currency growth was 6.2% excluding China Construction; market-share gains supported performance across regions.

• FY 2026 guidance was reiterated: local-currency sales growth of 3%–6% and EBITDA margin of 19.0%–19.5%.

Financial highlights

• 9M local-currency growth comprised 3.5% organic growth and 1.3% acquisition effect; FX impact was -3.2%.

• EBITDA increased 1.9% to CHF 1,676.2m; EBIT rose 2.3% to CHF 1,265.8m.

• Net profit increased 1.9% to CHF 887.8m; diluted EPS rose to CHF 5.52 from CHF 5.42.

• Gross result rose 2.3% to CHF 4,822.0m.

Outlook and guidance

• FY 2026 guidance: local-currency sales growth of 3%–6% and EBITDA margin of 19.0%–19.5%; consensus EBITDA was CHF 2,160m as of 28 July 2026.

• 2028 medium-term strategic targets were confirmed.

• Q4 outlook remained cautious amid weather, Middle East instability, oil-price volatility and North American midterms; guidance was described as conservative and unchanged.

• Full-year absolute price-cost spread was expected to be at least slightly positive; Q4 material margin was expected to be lower YoY, with transportation costs a continuing headwind.