Wacker Chemie AG : Q3 EBITDA 4% below css but chemicals/PolySi in-line; sees lower half in FY (-6% vs css); 100% non-domestic China pricing in PolySi starting 2025 (pos)
>Q3 EBITDA of € 152m 4% below consensus - Wacker Chemie reported Q3 group results with sales of € 1,523m (css € 1,551m) down 29% y-o-y fuelled by 24% drop in Chemicals (Silicones/Polymers) sales and price driven 45% y-o-y (33% q-o-q) drop in PolySi sales. Group volumes declined 7% y-o-y in Q3, similar to Q2 2023. Group EBITDA of € 152m (css/ODDO BHF € 159m/€ 162m) was 4% below consensus (in-line at chemicals, lower biosolutions) and down by 41% q-o-q compared wit...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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