Wacker Chemie AG : Raised EBITDA 2022 guidance on better PolySi/lower Q4 costs leave 8% upside for cons, despite 9% miss on Q3 EBITDA
>Q3 EBITDA of € 457m, was 9% below cons of € 504m - Wacker Chemie reported Q3 2022 EBITDA of € 457m coming in 9% below the consensus of € 504m (ODDO BHF € 490m). Q3 2022 EBITDA is down 27% q-o-q or around € 169m compared to € 626m reported in Q2 2022 on lagging higher raw materials/energy costs kicking in and volumes declining 3% y-o-y.Combined chemicals EBITDA of € 258m was 8%/4% below cons/ODDO BHF forecast of € 280m/€ 249m - Combined chemicals EBIT...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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