Sika reports decreased sales for nine months and intends to reduce workforce by up to 1,500 positions.

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Oct 24 2025

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Source: Reuters

Sales Performance: Sika reported a 3.8% drop in nine-month sales to 8.58 billion Swiss francs, falling short of forecasts due to a strong Swiss franc and a weaker Chinese construction market, although sales increased by 1.1% in local currencies.
Job Cuts and Structural Changes: The company plans to implement structural changes, including cutting up to 1,500 jobs, and expects one-off charges of 80 to 100 million francs in 2025 related to these adjustments.
Investment and Efficiency Program: Sika is set to invest 120 to 150 million francs in a broader efficiency program aimed at saving 150 to 200 million francs annually, with full impact expected by 2028.
Market Outlook: Despite ongoing market weaknesses, Sika's CEO stated the company is proactively addressing challenges and has rebased its medium-term growth target to 3%–6% in local currencies, with an expected EBITDA margin of about 19% after one-off costs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.