Report
Michael B. Schäfer

Wacker Chemie AG : Waiting until end-November, hoping for December in PolySi

>Silicones surprised positively as specialties volumes recovered – margin still depressed though - 20% q-o-q recovery and 17% better Silicones EBITDA versus the consensus in Q3 2024 was the positive surprise, also to the company. Strong sequential volumes remained in Specialties. Overall stable pricing was seen as a good achievement by the management while the visibility of the stickiness of price increases, announced at around 10%, remains thin as demand/order patter...
Underlying
Wacker Chemie AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Michael B. Schäfer

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