Wacker Chemie AG : Growing strength – Leading position in chemicals, more resilience in PolySi, 15%> consensus 2022e EBITDA – Outperform vs Neutral
>Growing strength – Leading positions in chemicals confirmed by strong pricing power - Wacker Chemie’s global #1 position in polymers and global #2 in silicones was demonstrated again in 2021 when the pass-through on raw materials pushed chemicals EBITDA up 22% y-o-y. Additional price hikes announced in H2 2021 were already fully implemented late last year, pushing up combined EBITDA at both chemicals segments by an estimated 15% y-o-y to € 927m or 56% of our group f...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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