WACKER CHEMIE AG
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
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April 30, 2021 01:01 ET (05:01 GMT)
