Wacker Chemie AG : Q2 EBITDA € 160m 4% ahead of cs on good silicones; group outlook range of € 600-800m unchanged, seen at upper half, cs already there (€ 779m)
>Q2 EBITDA of € 160m 4% ahead of consensus of € 154m - Wacker Chemie reported Q2 group results with sales of €1,468m (cons €1,502m) down 16% y-o-y primarily fuelled by volume and price-driven decline in PolySi sales. Group volumes declined 14% y-o-y in Q2 (Q1: 4%). Group EBITDA of € 160m (cons/ODDO € 154m/€ 150m) was 4% above consensus (+12% at chemicals, -2% at PolySi) and down by 7% q-o-q compared to € 172m in Q1 24. Chemicals EBITDA +9% q-o-q at € 1...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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