Wacker Chemie AG : Pass-through strength leaves “real” guidance lift on the cards
>8% beat and “effective” raise” in Q1, “real” raise prudently to be revisited in Q2, chances remain high on confirmed pass-through strength - Continuing acceleration of pricing initiatives to 43% in Q1 2022 from 34% in Q4 21 and the raised sales outlook to € 7.5bn (€ 7.0bn) again proved Wacker’s pass-through capabilities in a continuing ‘high demand’ market environment for the company, fuelling 8% better than expected EBITDA of € 644m in Q1. While energy/raw materials...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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