Sika slides after it lowers sales guidance following H1 miss

Sika AG

29/07/2025 08:07

** Shares in Sika SIKA.S slip around 4%, touching their lowest since April, after the Swiss construction chemical maker reported worse than expected H1 sales and lowered its sales guidance for the year

** The company's sales fell 2.7% to 5.68 billion Swiss francs($7.06 billion), missing the 5.72 billion francs seen in a Vara consensus

** Still, it reiterated its margin guidance

** "We would see share price weakness today as a buying opportunity, given Sika's margin resilience supporting the journey to 20-23% EBITDA margins by 2028, which we see as key for the shares to re-rate in the medium term," RBC analysts say in a note

($1 = 0.8041 Swiss francs)

(Reporting by Maria Rugamer)

((Maria.Rugamer@thomsonreuters.com))