Sika AG (SKFOF, SXYAY), the Swiss specialty chemical company, reported a 5.6% decline in net profit and a 3.8% drop in net sales for the first nine months of 2025. Despite these setbacks, the company reaffirmed its financial outlook for both fiscal years 2025 and 2028, signaling confidence in its long-term strategy.
In response to ongoing market weakness—particularly in China, Sika is initiating structural adjustments that include a workforce reduction of up to 1,500 employees. These changes are expected to incur one-off costs of 80 million Swiss francs to 100 million francs during 2025. The restructuring is part of a broader investment and efficiency initiative titled "Fast Forward."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.