Wacker Chemie AG : Strong finish with 9% FY consensus beat, favourable timing of costs vs. price increase in silicones? cautious on PolySi in Q1 2022<Q4 2021
>Preliminary FY 21 EBITDA 9% above consensus, helping hand from favourable timing of price vs. cost increase? - Wacker Chemie reported preliminary FY 2021 headline results with EBITDA of € 1.5bn, surpassing the upper end of the €1.2-1.4bn guidance range and beating the € 1,370m consensus by 9%. This implies +36% beat based on implied prelim Q4 EBITDA of € 493m and consensus of € 364m. Q3 2021 came in at € 434m. While the beat looks impressive, some favourable timing e...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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