Wacker Chemie AG : Prelim Q2 EBITDA 20%>cons.; indicates outlook upgrade; PolySi price strength may push above-guidance cons. of € 1.68bn towards € 1.9bn, +13%
>Prelim Q2 EBITDA of 'some € 600m' 20% above consensus - Wacker Chemie reported preliminary headline figures with expected EBITDA 'of some € 600m' coming in 20% ahead of the consensus of € 498m and 25% above our forecast of € 480m. Preliminary sales of € 2.1bn would come in 5% ahead of our forecast of € 1,995m.Prelim Q2 EBITDA implies only 7% (€44m) q-o-q decline, despite >€ 100m raw mat/energy/logistics headwinds flagged before - Preliminary headline...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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