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









