Wacker Chemie AG : CMD feedback – High-end position in PolySi beneficial but not immune to surging costs; pending Siltronic disposal at risk as Jan 2022 deadline looms
>Reiterates c. €1.5bn sales and >40% EBITDA - Margin guidance for FY 2021 - Wacker Chemie hosted a segment CMD, focusing on the PolySi segment and outlining its 2030 sustainability target including a targeted halving of Scope 1&2 CO2 emissions out to 2030 and compared with 3.6m t CO2 in 2020. Management reiterated its segment guidance, looking for c. € 1.5bn sales and >40% EBITDA-Margin in FY 2021 in the PolySi segment, in line with the current consensus of € 1,527m/...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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