Wacker Chemie AG : Q3 EBITDA 6% below css on weak PolySi/Polymers; group outlook confirmed '€ 700-800m' (css € 761m) thanks to good Silicones vs weaker PolySi
>Q3 EBITDA of € 152m 6% below consensus of € 162m - Wacker Chemie reported Q3 group results with sales of € 1,430m (css € 1,461m) down 6% y-o-y primarily fuelled by volume and price-driven decline in PolySi sales. Group volumes declined 4% y-o-y in Q3 (Q2: -14%). Group EBITDA of € 152m (css/ODDO € 162m/€ 156m) was 6% below consensus (+2% at chemicals, -30% at PolySi) and down by 5% q-o-q compared to € 160m in Q2 2024. Chemicals EBITDA up 4% q-o-q to € 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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