Sika Ag Adr (SXYAY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon everyone and thank you for joining. Our half-year call today will last 60 minutes with an opportunity for Q&A after the presentation. To give as many of you as possible the chance to ask questions, please limit yourself to one question each. With this, I hand over to Thomas. Thank you, Dominik, and thank you also for the introduction video. It almost says everything. We could go into Q&A straight, but I think we still follow the program. And first of all, also from my side, welcome. Good afternoon. Good morning to all of you. And thank you also for joining us for our presentation of the half year results. It has been a strong half year. and it has been a strong half year despite that we have still muted markets conditions and supply chain disruption on and off over the course of the first six months. I think the strong results that we are capable to present today are the results of SICA's differentiation power. Differentiation that is convincing customers that their business in our hand is providing them more value. And that has driven our outperformance in the industry. And it's the backbone of our results that we are going to present in more details in the next few minutes. But let me start with the highlights of the first half year. And here, as also highlighted in the video, it starts with the top line, 5.59 million reported sales, a slight decline, but looking into local currency growth, 4% local currency growth. That's a tremendous momentum going from Q1 over the course of the half year into Q2. It is also coming with an improved profitability, starting again on the material margin, which has expanded by 60 base points to 55.7 percentage points. And Adrian will go into more details behind those elements. It is also very visible in the results tha...