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MarketScreener Homepage  >  Equities  >  Xetra  >  Wacker Chemie AG    WCH   DE000WCH8881

WACKER CHEMIE AG

(WCH)
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Wacker Chemie : to draw up cost cutting plans - CFO

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01/11/2020 | 05:24am EST
General view of Wacker Chemie AG in Bavarian town of Burghausen

Wacker Chemie is drawing up cost cutting plans in response to falling prices of polysilicon, a step which will include job cuts, chief financial officer Tobias Ohler told Germany's Boersen-Zeitung.

The company-wide review will look at cost optimisation potential and at the areas of administration, research and development and procurement, and will seek to cut jobs by attrition, Ohler told the newspaper.

In December, Wacker said it would take an impairment on fixed assets of around 750 million euros in response to the fall in the price of polisilicon.

(Reporting by Edward Taylor; Editing by Alexander Smith)

Stocks mentioned in the article
ChangeLast1st jan.
SILTRONIC -1.59% 105.4 Delayed Quote.19.37%
WACKER CHEMIE AG 0.62% 71.74 Delayed Quote.5.41%
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Financials (EUR)
Sales 2019 4 931 M
EBIT 2019 -540 M
Net income 2019 -617 M
Debt 2019 717 M
Yield 2019 2,58%
P/E ratio 2019 -5,68x
P/E ratio 2020 27,9x
EV / Sales2019 0,86x
EV / Sales2020 0,82x
Capitalization 3 542 M
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Technical analysis trends WACKER CHEMIE AG
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 70,51  €
Last Close Price 71,30  €
Spread / Highest target 26,2%
Spread / Average Target -1,10%
Spread / Lowest Target -24,7%
EPS Revisions
Managers
NameTitle
Rudolf Staudigl President & Chief Executive Officer
Peter-Alexander Wacker Chairman-Supervisory Board
Matthias Biebl Member-Supervisory Board
Franz-Josef Kortüm Member-Supervisory Board
Susanne Weiss Member-Supervisory Board
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