Wacker Chemie AG : Prelim Q4 EBITDA of € 136m 8% below cons on weak chemicals finish; Q1 2024 may drop to c. € 100m (cons € 114m); outlook due 12 March
>Implied Q4 EBITDA of € 136m -8% vs consensus; FCF of € 166m came in better on NWC relief - Wacker Chemie reported preliminary FY 2023 results. Group EBITDA of € 824m came in at the low end of the € 800-900m guidance range as flagged before, 1% below consensus of € 835m (ODDO BHF € 823m). Pronounced chemicals seasonality and continuing PolySI deterioration pushed EBITDA down by 11% q-o-q to €136m in Q4 2023 compared to € 152m in Q3, 8% below css (€ 147m) and in line w...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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