Report
Michael B. Schäfer

Wacker Chemie AG : CMD confirms ambitious 2030 - targets as expected; on-track for semi-grade PolySi goals; flat Q3 q-o-q leaves ambitious Q4, primarily in PolySi

>CMD confirms ambitious 2030 targets - Wacker Chemie confirmed all strategic cornerstones laid out until 2030 back in 2022 at its recent CMD. Confirmed group sales target > € 10bn and >20% EBITDA margin (>€ 2bn EBITDA) target remains ambitious in light of € 6.1bn sales and € 1.2bn EBITDA (18.2%) generated on average over 2019-2023. The current consensus looks for € 6.5bn sales and € 1.05bn EBITDA in 2025, equivalent to 16.1% of sales. Wacker’s current dividend strateg...
Underlying
Wacker Chemie AG

Wacker Chemie is active in chemical products. Co. operates in five divisions: Wacker Silicones, which provides products ranging from silicone fluids and emulsions, resins, elastomers and sealants, to silanes and pyrogenic silica grades; Wacker Polymers, which manufactures binders and polymeric additives (such as dispersible polymer powders and dispersions); Wacker Biosolutions, which supplies customized biotech and catalog products for the fine-chemical sector; Wacker Polysilicon, which produces hyperpure polysilicon for the semiconductor, electronics and above all, solar sectors; and Siltronic, which supplies semiconductor manufacturers with silicon wafers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael B. Schäfer

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