Wacker Chemie AG : Lots of headwinds, also in 2024; downgrade to Neutral (Outperform)
>Key takeaway from GIS conference: slow start to H1 2024 … - At our GIS conference, Wacker's CEO confirmed the outlook for 2023, i.e. EBITDA of € 800-900m (consensus at € 840m). Visibility on 2024 remains very limited with no strong indications on 2024 but warning of a slow start expected in 2024 as the order book is currently showing 'no signs of picking-up'. … headwinds from high-cost inventories still weighing on the silicone segment … - Wacker ...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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