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Wacker Chemie AG: 1 director
A director at Wacker Chemie AG sold 2,969 shares at 100.651EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
- Charlotte Vaisse
- Emmanuel Matot
- Jean-Baptiste Rouphael
- Konrad Zomer
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2024
Having flirted with the 495-point mark on Friday, which could have triggered an extension of the correction, the market has rebounded well since then. Our technical analysis highlights a configuration in which we are only at the start of a powerful rally. Target of 622 points for Stoxx 600 index (+11%) by the end of the year confirmed. Prefer banks to insurance companies in the short term. - ...
LHN LAFARGEHOLCIM LTD.
REL RELX PLC
GET GETLINK SE
IPN IPSEN SA
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
CA CARREFOUR SA
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
ORA ORANGE SA
RI PERNOD RICARD SA
ULVR UNILEVER PLC
GLE SOCIETE GENERALE S.A. CLASS A
NESN NESTLE S.A.
ENI ENI S.P.A.
BAS BASF SE
SAN SANOFI
VOW3 VOLKSWAGEN AG PREF
SY1 SYMRISE AG
01913 PRADA S.P.A.
REP REPSOL SA
MOCORP METSO OUTOTEC OYJ
KGX KION GROUP AG
MONC MONCLER SPA
ASSA B ASSA ABLOY AB CLASS B
IBE IBERDROLA SA
AZN ASTRAZENECA PLC
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
HFG HELLOFRESH SE
ADYEN ADYEN NV
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
DSY DASSAULT SYSTEMES SA
AZE AZELIS GROUP NV
ATCO A ATLAS COPCO AB
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
DSFIR KONINKLIJKE DSM N.V.
- Charlotte Vaisse
- Emmanuel Matot
- Jean-Baptiste Rouphael
- Konrad Zomer
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/04/2024
Après avoir frôlé vendredi la barre des 495 points qui aurait pu déclencher la poursuite de la correction, le marché a ensuite bien rebondi. Notre analyse technique met en lumière une configuration où nous ne serions qu’au début d’un rallye puissant. Objectif 622 points (+11%) d’ici à la fin de l’année confirmé sur le Stoxx 600. Préférer les banques aux assurances à court terme. - ...
LHN LAFARGEHOLCIM LTD.
REL RELX PLC
GET GETLINK SE
IPN IPSEN SA
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
CA CARREFOUR SA
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
ORA ORANGE SA
RI PERNOD RICARD SA
ULVR UNILEVER PLC
GLE SOCIETE GENERALE S.A. CLASS A
NESN NESTLE S.A.
ENI ENI S.P.A.
BAS BASF SE
SAN SANOFI
VOW3 VOLKSWAGEN AG PREF
SY1 SYMRISE AG
01913 PRADA S.P.A.
REP REPSOL SA
MOCORP METSO OUTOTEC OYJ
KGX KION GROUP AG
MONC MONCLER SPA
ASSA B ASSA ABLOY AB CLASS B
IBE IBERDROLA SA
AZN ASTRAZENECA PLC
STM STMICROELECTRONICS NV
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
HFG HELLOFRESH SE
ADYEN ADYEN NV
ERF EUROFINS SCIENTIFIC SOCIETE EUROPEENNE
DSY DASSAULT SYSTEMES SA
AZE AZELIS GROUP NV
ATCO A ATLAS COPCO AB
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
DSFIR KONINKLIJKE DSM N.V.
- Michael B. Schäfer
Wacker Chemie AG : Q1 EBITDA of € 172m, 15% above css on 'other', but ...
>Q1 EBITDA of € 172m 15% above consensus of € 150m, but operationally in line - Wacker Chemie reported Q1 group results, with sales of € 1,490m (css € 1,501m) down 15% y-o-y fuelled by a 9% drop in Chemicals (Silicones/Polymers), sales and prices driven 32% y-o-y (- 1% q-o-q), drop in PolySi sales. Group volumes improved 4% y-o-y in Q1 (Q4: -3%). Group EBITDA of € 172m (css/ODDO BHF € 150m/€ 145m) was 15% above the consensus (+8% at chemicals, -17% at PolySi) and up ...
- Michael B. Schäfer
ODDO : Glass half full – Volume recovery started after almost 2 years ...
As Spring approaches, we see industry-wide destocking coming to an end, emerging recovery trends in China gaining momentum and European spot energy cost relief rolling in, all helping to restore plant utilisation and earnings. We add more cyclicality to our preferred names, upgrading BASF to Outperform (Neutral). Momentum being regained in specialties chemicals distribution triggers our upgrade of IMCD to Outperform (Neutral). ‘From record to record’ remains our mantra at FUCHS. ...
1COV COVESTRO AG
AI AIR LIQUIDE SA
WCH WACKER CHEMIE AG
LXS LANXESS AG
SDF K+S AG
BAS BASF SE
SOLB SOLVAY SA
BAYN BAYER AG
SY1 SYMRISE AG
KWS KWS SAAT SE & CO KGAA
EVK EVONIK INDUSTRIES AG
BNR BRENNTAG SE
INX IMCD N.V.
2HRA H&R GMBH & CO KGAA
AKZA AKZO NOBEL N.V.
FPE3 FUCHS PETROLUB SE
AZE AZELIS GROUP NV
LIN LINDE PUBLIC LIMITED COMPANY
DSFIR KONINKLIJKE DSM N.V.
SYENS SYENSQO
- Michael B. Schäfer
Wacker Chemie AG : Final Q4 in line with prelims, proposed € 3.0 div b...
>Final FY 2023 results in line with preliminaries - Final FY 2023 results confirmed the comprehensive preliminary results reported 29 January with EBITDA of € 824m dropping 60% y-o-y compared to € 2,081m reported in 2022. Preliminary Q4 2023 dropped 62% y-o-y to € 136m fuelled by all segments. FCF 2023 of € 166m declined from € 564m on lower earnings and despite strong NWC tailwind.Lower than expected € 3.00 dividend proposed - Wacker proposed a € 3.0...
- Ahmed Ben Salem
- Bruno Cavalier
LHN LAFARGEHOLCIM LTD.
FP TOTAL SE
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
KNEBV KONE OYJ CLASS B
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
GTT GAZTRANSPORT & TECHNIGAZ SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
AGS AGEAS SA/NV
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
RWE RWE AG
RY4C RYANAIR HOLDINGS PLC
P2F PETROFAC LIMITED
01913 PRADA S.P.A.
REP REPSOL SA
SOC SUBSEA 7 S.A.
BKT BANKINTER SA
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
FDR FLUIDRA S.A.
MONC MONCLER SPA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TRE TECNICAS REUNIDAS SA
LIVS AUTOLIV INC. SDR
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
SGSN SGS SA
TEN TENARIS S.A.
- Bruno Cavalier
- Oliver Metzger
- Wim Gille
LHN LAFARGEHOLCIM LTD.
FP TOTAL SE
EQNR EQUINOR ASA
WCH WACKER CHEMIE AG
GALP GALP ENERGIA SGPS SA CLASS B
KNEBV KONE OYJ CLASS B
SLB.N SCHLUMBERGER NV
MC LVMH MOET HENNESSY LOUIS VUITTON SE
GTT GAZTRANSPORT & TECHNIGAZ SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
RCO REMY COINTREAU SA
SBMO SBM OFFSHORE NV
EURN EURONAV NV
AGS AGEAS SA/NV
EL ESSILORLUXOTTICA SA
PHIA KONINKLIJKE PHILIPS N.V.
BRBY BURBERRY GROUP PLC
KER KERING SA
PGS PGS ASA
ZAL ZALANDO SE
ENI ENI S.P.A.
RWE RWE AG
RY4C RYANAIR HOLDINGS PLC
P2F PETROFAC LIMITED
01913 PRADA S.P.A.
REP REPSOL SA
SOC SUBSEA 7 S.A.
BKT BANKINTER SA
SBO SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
FDR FLUIDRA S.A.
MONC MONCLER SPA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TRE TECNICAS REUNIDAS SA
LIVS AUTOLIV INC. SDR
DR0 DEUTSCHE ROHSTOFF AG
TEC TECHNIPFMC PLC
BP. BP P.L.C.
CGG CGG
ENOG ENERGEAN PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
FUR FUGRO NV
SHEL SHELL PLC
SPM SAIPEM S.P.A.
SGSN SGS SA
TEN TENARIS S.A.
- Michael B. Schäfer
Wacker Chemie AG : Prelim Q4 EBITDA of € 136m 8% below cons on weak ch...
>Implied Q4 EBITDA of € 136m -8% vs consensus; FCF of € 166m came in better on NWC relief - Wacker Chemie reported preliminary FY 2023 results. Group EBITDA of € 824m came in at the low end of the € 800-900m guidance range as flagged before, 1% below consensus of € 835m (ODDO BHF € 823m). Pronounced chemicals seasonality and continuing PolySI deterioration pushed EBITDA down by 11% q-o-q to €136m in Q4 2023 compared to € 152m in Q3, 8% below css (€ 147m) and in line w...
- Ahmed Ben Salem
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/17/2024
We host our 27th ODDO BHF Forum in Lyon in 11th and 12th January 2024 and virtually 15th and 16th January 2024. In total, 335 companies will be presenting. In the following note, we provide some initial feedback of the company on the last day (day 4). - ...
- Ahmed Ben Salem
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/01/2024
We host our 27th ODDO BHF Forum in Lyon in 11th and 12th January 2024 and virtually 15th and 16th January 2024. In total, 335 companies will be presenting. In the following note, we provide some initial feedback of the company on the last day (day 4). - ...
- Michael B. Schäfer
Wacker Chemie AG : Lots of headwinds, also in 2024; downgrade to Neutr...
>Key takeaway from GIS conference: slow start to H1 2024 … - At our GIS conference, Wacker's CEO confirmed the outlook for 2023, i.e. EBITDA of € 800-900m (consensus at € 840m). Visibility on 2024 remains very limited with no strong indications on 2024 but warning of a slow start expected in 2024 as the order book is currently showing 'no signs of picking-up'. … headwinds from high-cost inventories still weighing on the silicone segment … - Wacker ...
- Ahmed Ben Salem
HEIA HEINEKEN NV
IPN IPSEN SA
WCH WACKER CHEMIE AG
JMT JERONIMO MARTINS SGPS S.A.
CA CARREFOUR SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
BN DANONE SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
DAI DAIMLER AG
SW SODEXO SA
GLE SOCIETE GENERALE S.A. CLASS A
RHM RHEINMETALL AG
REP REPSOL SA
FDR FLUIDRA S.A.
ASSA B ASSA ABLOY AB CLASS B
WLN WORLDLINE SA
SAN BANCO SANTANDER S.A.
BIM BIOMERIEUX SA
STM STMICROELECTRONICS NV
DWS DWS GROUP GMBH & CO. KGAA
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
HFG HELLOFRESH SE
8TRA TRATON SE
DSY DASSAULT SYSTEMES SA
ATCO A ATLAS COPCO AB
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
- Ahmed Ben Salem
HEIA HEINEKEN NV
IPN IPSEN SA
WCH WACKER CHEMIE AG
JMT JERONIMO MARTINS SGPS S.A.
CA CARREFOUR SA
BVI BUREAU VERITAS SA
ADP AEROPORTS DE PARIS SA
BN DANONE SA
SU SCHNEIDER ELECTRIC SE
KNEBV KONE OYJ CLASS B
SSAB A SSAB AB CLASS A
ULVR UNILEVER PLC
DAI DAIMLER AG
SW SODEXO SA
GLE SOCIETE GENERALE S.A. CLASS A
RHM RHEINMETALL AG
REP REPSOL SA
FDR FLUIDRA S.A.
ASSA B ASSA ABLOY AB CLASS B
WLN WORLDLINE SA
SAN BANCO SANTANDER S.A.
BIM BIOMERIEUX SA
STM STMICROELECTRONICS NV
DWS DWS GROUP GMBH & CO. KGAA
BESI BE SEMICONDUCTOR INDUSTRIES N.V.
HFG HELLOFRESH SE
8TRA TRATON SE
DSY DASSAULT SYSTEMES SA
ATCO A ATLAS COPCO AB
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
- Michael B. Schäfer
Wacker Chemie AG : Q3 EBITDA 4% below css but chemicals/PolySi in-line...
>Q3 EBITDA of € 152m 4% below consensus - Wacker Chemie reported Q3 group results with sales of € 1,523m (css € 1,551m) down 29% y-o-y fuelled by 24% drop in Chemicals (Silicones/Polymers) sales and price driven 45% y-o-y (33% q-o-q) drop in PolySi sales. Group volumes declined 7% y-o-y in Q3, similar to Q2 2023. Group EBITDA of € 152m (css/ODDO BHF € 159m/€ 162m) was 4% below consensus (in-line at chemicals, lower biosolutions) and down by 41% q-o-q compared wit...
- Delphine Brault
- Quentin Borie
LHA DEUTSCHE LUFTHANSA AG
1COV COVESTRO AG
PUB PUBLICIS GROUPE SA
WCH WACKER CHEMIE AG
VOLV B VOLVO AB CLASS B
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
KER KERING SA
VOE VOESTALPINE AG
GRF GRIFOLS S.A. CLASS A
ISP INTESA SANPAOLO S.P.A.
WIZZ WIZZ AIR HOLDINGS PLC
EZJ EASYJET PLC
DTE DEUTSCHE TELEKOM AG
AF AIR FRANCE-KLM SA
RY4C RYANAIR HOLDINGS PLC
UCG UNICREDIT S.P.A.
EVK EVONIK INDUSTRIES AG
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
BNR BRENNTAG SE
NN NN GROUP N.V.
GRF.P GRIFOLS S.A. PREF CLASS B
ASML ASML HOLDING NV
KBX KNORR-BREMSE AG
- Delphine Brault
- Quentin Borie
LHA DEUTSCHE LUFTHANSA AG
1COV COVESTRO AG
PUB PUBLICIS GROUPE SA
WCH WACKER CHEMIE AG
VOLV B VOLVO AB CLASS B
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
KER KERING SA
VOE VOESTALPINE AG
GRF GRIFOLS S.A. CLASS A
ISP INTESA SANPAOLO S.P.A.
WIZZ WIZZ AIR HOLDINGS PLC
EZJ EASYJET PLC
DTE DEUTSCHE TELEKOM AG
AF AIR FRANCE-KLM SA
RY4C RYANAIR HOLDINGS PLC
UCG UNICREDIT S.P.A.
EVK EVONIK INDUSTRIES AG
ASSA B ASSA ABLOY AB CLASS B
SKF B SKF AB CLASS B
BNR BRENNTAG SE
NN NN GROUP N.V.
GRF.P GRIFOLS S.A. PREF CLASS B
ASML ASML HOLDING NV
KBX KNORR-BREMSE AG
- Michael B. Schäfer
Wacker Chemie AG : Same procedure … next outlook warning, but peers al...
>Preliminary Q2 EBITDA of € 255m 4% below consensus on 'other', otherwise in line - Wacker Chemie reported preliminary group results, expecting sales of € 1,750m (consensus € 1,779m) and EBITDA of € 255m (consensus € 265m), with EBITDA down by 9% q-o-q compared with € 281m in Q1. Operational EBITDA excl. 'other' of € 281m was in line with consensus/ODDO of € 277m/€ 275m.Chemicals EBITDA -25% q-o-q on much weaker silicones beyond turnaround costs - Com...
- Michael B. Schäfer
ODDO : It's spring; but no summer, yet: Q1 better than feared, gradual...
In the middle of spring, we see industry-wide destocking continuing into Q2 and the emerging recovery trends in China still sending mixed signals at least partly offset by the prospect of European spot energy cost relief. This may help improve plant utilisation rates from trough levels going into the summer, though visibility remains low. We focus on self-help, support from SBBs or shareholder activism as key short-term drivers. We prefer Brenntag (Outperform on activist pressure...
1COV COVESTRO AG
AI AIR LIQUIDE SA
WCH WACKER CHEMIE AG
LXS LANXESS AG
RIN VILMORIN & CIE SA
SDF K+S AG
BAS BASF SE
SOLB SOLVAY SA
BAYN BAYER AG
SY1 SYMRISE AG
KWS KWS SAAT SE & CO KGAA
SZU SUEDZUCKER AG
EVK EVONIK INDUSTRIES AG
BNR BRENNTAG SE
INX IMCD N.V.
2HRA H&R GMBH & CO KGAA
AKZA AKZO NOBEL N.V.
FPE3 FUCHS PETROLUB SE
AZE AZELIS GROUP NV
LIN LINDE PUBLIC LIMITED COMPANY
- Emira Sagaama
- Emmanuel Matot
1COV COVESTRO AG
FP TOTAL SE
SGO COMPAGNIE DE SAINT-GOBAIN SA
WCH WACKER CHEMIE AG
PROX PROXIMUS SA DE DROIT PUBLIC
DB1 DEUTSCHE BOERSE AG
SU SCHNEIDER ELECTRIC SE
SK SEB SA
RCO REMY COINTREAU SA
ENI ENI S.P.A.
BAS BASF SE
RWE RWE AG
VER VERBUND AG CLASS A
WPP WPP PLC
TW11 TENARIS S.A.
REP REPSOL SA
SOI SOITEC SA
NEM NEMETSCHEK SE
BIM BIOMERIEUX SA
VOD VODAFONE GROUP PLC
STM STMICROELECTRONICS NV
SHEL SHELL PLC
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