Sika Shares Fall as Organic Growth Slows on Weak China Demand
Sika shares dropped after organic growth slowed in the third quarter, with China's construction weakness weighing on sales, Dow Jones Newswires reported.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Shares of Swiss chemicals and construction materials maker Sika fell on Friday, opening more than 5% lower before recovering part of the losses. The company reported local-currency sales growth of 4.8% for the nine months to the end of September, reaching 8.71 billion Swiss francs ($10.62 billion). Organic growth for the period was 3.5%, with an acquisition effect adding 1.3%.
Organic growth slowed to 4.6% in the third quarter from 5.7% in the second. Jefferies analyst Priyal Woolf said the quarter was less impressive than the previous one, though it still narrowly beat consensus. Material margin widened by 40 basis points to 55.4%, and EBITDA rose 1.9% to 1.68 billion francs. Asia Pacific sales fell 2.3% over nine months and 2.7% in the third quarter, as residential construction in China remained weak.
why it matters
Despite the slowdown, Sika reaffirmed its 2026 guidance of 3% to 6% local-currency growth and an EBITDA margin of 19.0% to 19.5%. For investors the report is a signal about China's construction market and demand for building materials in Europe.
market impact
Construction materials: weak China demand pressures sales and sector shares
tags
instruments
sources
- Sika Shares Decline as Organic Growth Slows on China Weakness — Dow Jones Newswires, 23 October 2026 at 08:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗