Search





Search





Sika dampens expectations due to Middle East conflict

ReutersMar 24, 2026 10:09 AM

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."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

Nvidia’s $2 Billion Investment in Marvell: What Is Marvell?

TradingKey - On March 31, 2026, local time, NVIDIA (NVDA) announced a $2 billion investment in semiconductor giant Marvell (MRVL) and the establishment of a deep strategic partnership.

OpenAI Completes $122 Billion Funding, How Far Is $852 Billion-Valued OpenAI From IPO?

TradingKey - On Tuesday, March 31, OpenAI officially announced the completion of its largest private funding round since its inception. The deal set a new global record for private financing, bringing the company's post-money valuation to $852 billion.

From Computing Power to Efficiency: OpenAI VS Claude Code

TradingKey - On April 1, 2026, the AI industry witnessed a dramatic contrast: OpenAI completed the largest financing round in Silicon Valley history amid surging capital enthusiasm, while the memory spot market suffered a “cliff-like” plunge, sending a chill through the sector. These seemingly contr

What Is Palantir? Can Palantir’s Stock Price Return to $200 in 2026?

TradingKey - In today’s highly competitive technology landscape, Palantir (PLTR), as a company with a core focus on big data and artificial intelligence, has garnered widespread attention through its unique technological advantages and market positioning.

Bitcoin Price Analysis: What Is to Stop BTC from Making Another Run at All-Time Highs in 2026?

This strategic analysis covers institutional BTC price targets from JPMorgan and Fidelity, the impact of the U.S. Strategic Reserve, and whether the four-year cycle is broken. Stay updated on BTC to USD trends and key market risks.

Tradingkey

KeyAI

