Sika dampens expectations due to Middle East conflict

Sika AG

24/03/2026 10:07

CEO confirms FY guidance, but may be towards lower end of range

No sign of projects being cancelled, maybe delays if war continues

Inflation is major concern

Sees no end to data centre boom

By John Revill and Oliver Hirt

ZURICH, March 24 (Reuters) - Swiss construction chemicals maker Sika's SIK.S annual results could trend towards the lower end of its outlook due to turbulence unleashed by the Iran war, CEO Thomas Hasler said.

Sika, which makes additives used in projects like Hamburg's Elbphilharmonie Concert Hall and the Grand Egyptian Museum in Giza, guided in February for a 1-4% annual sales increase in local currencies and an EBITDA margin of 19.5% to 20% in 2026.

"I feel confident with our 2026 guidance, on top line growth and the bottom line, that we are still in safe waters," Hasler told Reuters in an interview.

"In February, we thought we would be rather on the mid to higher side of guidance, with the possibility of outperforming. Now, given the much increased uncertainty, it's probably more towards the mid to lower side of our expectations."

 (Reporting by John Revill, editing by Dave Graham)

 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))