Xika CEO Says Annual Performance May Trend Toward Lower End of Guidance

LootboxPhobia · 2026-03-24T13:17:16+00:00

Sika CEO Thomas Hasler stated that due to uncertainty caused by the war in Iran, the company's 2026 annual performance may trend toward the lower end of guidance. Despite maintaining confidence in revenue and profit, performance may fall short of expectations due to inflation and changes in economic outlook.

LootboxPhobia

2026-03-24 13:17:16

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Investing.com – Sika’s CEO Thomas Hasler said that due to turmoil caused by the Iran war, the company’s annual performance may trend toward the lower end of guidance.

The Swiss manufacturer of construction chemicals issued guidance in February, expecting annual sales growth of 1% to 4% in local currency by 2026, with an EBITDA margin of 19.5% to 20%.

Hasler confirmed this guidance but stated that due to rising uncertainty caused by war-related inflation, oil prices, and economic outlook, performance may be at the lower end of the guidance range.

“I am confident in our 2026 guidance. Whether it’s revenue growth or profits, we remain in a safe zone,” Hasler said in an interview with Reuters.

“In February, we believed performance would lean more toward the upper end of the guidance, or even exceed expectations. But now, given the increased uncertainty, performance may lean more toward the lower end of our expectations,” he added.

Sika’s stock rose 0.5% on Tuesday.

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