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    WCH   DE000WCH8881

WACKER CHEMIE AG

(WCH)
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PRESS RELEASE: Wacker Chemie AG: WACKER's Sales -2-

04/30/2021 | 04:19am EDT
previously expected sales growth in the mid-single-digit percentage range. The Group's EBITDA is likely to rise 15 to 
25 percent compared with 2020. When it presented its 2020 Annual Report, the company was expecting growth of 10 to 20 
percent. The reasons for higher expectations are continued strong demand in nearly all product lines as well as the 
current positive trend in polysilicon prices. At the same time, however, even higher raw-material prices and negative 
exchange-rate effects are now likely to reduce full-year EBITDA by more than EUR200 million (previous forecast: more than 
EUR100 million). This has been factored into the current outlook. For all the other key financial performance indicators, 
the full-year forecast remains unchanged. Group net income is still expected to be substantially above last year's 
figure. 
 
Key Figures for the WACKER Group 
                                                                                Change 
EUR million                                         Q1 2021        Q1 2020          in % 
Sales                                             1,359.6        1,197.5          13.5 
EBITDA                                              246.4          174.1          41.5 
EBITDA margin^(%)                                    18.1           14.5             - 
EBIT                                                154.9           69.8          >100 
EBIT margin^(%)                                      11.4            5.8             - 
 
Financial result                                     -9.7          -12.0         -19.2 
Income before income taxes                          145.2           57.8          >100 
Net income for the period                           106.6           68.9          54.7 
 
Earnings per share (EUR)                               2.06           1.31          57.3 
Capital expenditures                                 42.0           44.4          -5.4 
Depreciation, amortization and impairments           91.5          104.3         -12.3 
Net cash flow                                       131.1           22.6          >100 
 
EUR million                                  March 31, 2021 March 31, 2020 Dec. 31, 2020 
Total assets                                      7,155.4        6,741.7       6,950.5 
Equity                                            2,181.1        2,425.0       1,691.8 
Equity ratio (%)                                     30.5           36.0          24.3 
Financing liabilities                             1,424.9        1,451.2       1,405.5 
Net financial assets                                 44.8         -701.6         -67.5 
 
Employees (number at end of period)                14,332         14,597        14,283 

This press release 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.

For further information, please contact: Wacker Chemie AG Media Relations & Information Christof Bachmair Tel. +49 89 6279-1830 christof.bachmair@wacker.com -----------------------------------------------------------------------------------------------------------------------

2021-04-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Wacker Chemie AG 
              Hanns-Seidel-Platz 4 
              81737 München 
              Germany 
Phone:        0049-89-6279-1633 
Fax:          0049-89-6279-2933 
E-mail:       investor.relations@wacker.com 
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:  1190624 
 
End of News   DGAP News Service 
=------------ 

1190624 2021-04-30

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1190624&application_name=news 
 

(END) Dow Jones Newswires

April 30, 2021 01:01 ET (05:01 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
MDAX 1.41% 32141.17 Delayed Quote.4.37%
WACKER CHEMIE AG 2.02% 126.3 Delayed Quote.8.18%
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Financials
Sales 2021 5 320 M 6 460 M 6 460 M
Net income 2021 744 M 903 M 903 M
Net cash 2021 912 M 1 108 M 1 108 M
P/E ratio 2021 7,85x
Yield 2021 2,40%
Capitalization 6 274 M 7 615 M 7 619 M
EV / Sales 2021 1,01x
EV / Sales 2022 1,04x
Nbr of Employees 14 283
Free-Float 28,8%
Chart WACKER CHEMIE AG
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Technical analysis trends WACKER CHEMIE AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 132,00 €
Last Close Price 126,30 €
Spread / Highest target 26,7%
Spread / Average Target 4,51%
Spread / Lowest Target -28,7%
EPS Revisions
Managers and Directors
NameTitle
Christian Hartel President & Chief Executive Officer
Peter-Alexander Wacker Chairman-Supervisory Board
Matthias Biebl Member-Supervisory Board
Franz-Josef KortŘm Member-Supervisory Board
Susanne Weiss Member-Supervisory Board
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