Wacker Chemie AG : Final Q4 in line with prelims, strong € 12 div (8.3% yield), EBITDA 2023 outlook mid-point 5% below consensus, but heavily discounted trading already
>Higher-than-expected € 12.00 dividend proposed (consensus € 11.35), 8.3% yield - Final FY 2022 results confirmed comprehensive preliminary results reported on 23 January with EBITDA of € 2,085m gaining 36% y-o-y compared with € 1,539m reported in 2021. Preliminary Q4 2022 dropped 30% y-o-y to € 359m fuelled by all segments. FCF 2022 of € 434m declined from € 761m on M&A cash-outs and strong NWC build-up. Wacker proposed € 12.00 dividend per share for 2022, equivalent...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.
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.
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