Wacker Chemie AG: WACKER Raises Once More its Forecast for Fiscal Year 2021
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Wacker Chemie AG / Forecast Change
WACKER Raises Once More its Forecast for Fiscal Year 2021
Munich, September 15, 2021, 5.30 p.m. CEST - Following the sustained positive performance of its business, Wacker Chemie AG ("WACKER") is raising once more its full-year guidance for sales and EBITDA. The company now expects full-year 2021 sales of around ?6 billion (2020: ?4.69 billion). Previously, WACKER had assumed full-year sales of some ?5.5 billion. Group EBITDA for 2021 is expected to be between ?1.2 billion and ?1.4 billion. Previously, WACKER had expected EBITDA to come in between ?900 million and ?1.1 billion. For Q3 2021, WACKER expects sales of some ?1.6 billion and EBITDA of roughly ?400 million.
The continued high polysilicon prices and the very strong demand in the chemical divisions, also during the summer months, are the reasons for the higher business expectations for the remainder of the year. At the same time, however, higher raw material prices and negative currency effects are expected to weigh on EBITDA and WACKER continues to anticipate an effect of more than ?300 million. The current forecast takes this development into account.
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ISIN: DE000WCH8881WKN: WCH888Deutsche Boerse: WCHTicker, Bloomberg: CHM/WCH:GRTicker, Reuters: CHE/WCHG.DEListing: Frankfurt Stock Exchange (Frankfurter Wertpapierb?rse), Official Market (Prime Standard)
DisclaimerThis publication contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update its forward-looking statements, nor does it assume the obligation to do so.
This document includes supplemental financial measures (not clearly defined in the applicable financial reporting framework) that are or may be alternative performance measures (APM). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of WACKER's net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2020 of Wacker Chemie AG which is available for download under www.wacker.com.
15-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Wacker Chemie AG Hanns-Seidel-Platz 4 81737 M?nchen
Germany Phone: 0049-89-6279-1633 Fax: 0049-89-6279-2933 E-mail: firstname.lastname@example.org Internet: www.wacker.com ISIN: DE000WCH8881 WKN: WCH888 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1233633 ? End of Announcement DGAP News Service