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    WCH   DE000WCH8881

WACKER CHEMIE AG

(WCH)
  Report
Delayed Xetra  -  11:35:15 2023-01-27 am EST
135.40 EUR   -0.51%
01/25WACKER CHEMIE AG : DZ Bank remains its Buy rating
MD
01/24Barclays lowers target for Wacker Chemie to 181 euros - 'Overweight
DP
01/24WACKER CHEMIE AG : Warburg Research reaffirms its Buy rating
MD
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Wacker Chemie misses Q4 EBITDA expectations

01/23/2023 | 09:35am EST
The logo of Wacker Chemie AG is seen at its manufacturing plant in the south-east Bavarian town of Burghausen

(Reuters) - Wacker Chemie's fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA) fell short of consensus expectations, the German chemicals group said on Monday.

According to preliminary figures, the Munich-based firm achieved an EBITDA of 360 million euros ($390.67 million) for the fourth quarter, 14% less than forecast according to a Vara consensus, which saw it at 420 million euros.

Wacker Silicones saw its yearly EBITDA rise by 58% year-on-year, climbing to 875 million euros, thanks to better selling prices for silicones as well as an ever-increasing share of high-margin speciality products in its portfolio, the firm said.

Wacker Chemie, one of the world's biggest suppliers of solar-grade polysilicon, has benefited from strong demand and high prices for the material, the supply of which has growin tighter due to production issues and maintenance shutdowns.

The chemicals maker increased capital expenditures to 545 million euros in 2022, up more than a half year on year, focusing on expanding the capacity of the firm's four business divisions.  

($1 = 0.9215 euros)

(Reporting by Tristan Chabba and Andrey Sychev in Gdansk, editing by Rachel More and Thomas Escritt)


ę Reuters 2023
All news about WACKER CHEMIE AG
01/25WACKER CHEMIE AG : DZ Bank remains its Buy rating
MD
01/24Barclays lowers target for Wacker Chemie to 181 euros - 'Overweight
DP
01/24WACKER CHEMIE AG : Warburg Research reaffirms its Buy rating
MD
01/24WACKER CHEMIE AG : Baader Bank reiterates its Buy rating
MD
01/24WACKER CHEMIE AG : JP Morgan sticks Neutral
MD
01/24WACKER CHEMIE AG : UBS gives a Buy rating
MD
01/24WACKER CHEMIE AG : Barclays keeps its Buy rating
MD
01/23Demand dip at Wacker Chemie at the end of 2022 - but profit target achieved
DP
01/23Wacker Chemie misses Q4 EBITDA expectations
RE
01/23Customer restraint weighs on Wacker Chemie in final quarter
DP
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Analyst Recommendations on WACKER CHEMIE AG
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Financials
Sales 2022 8 302 M 9 012 M 9 012 M
Net income 2022 1 196 M 1 299 M 1 299 M
Net cash 2022 721 M 782 M 782 M
P/E ratio 2022 5,57x
Yield 2022 7,89%
Capitalization 6 726 M 7 302 M 7 302 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,86x
Nbr of Employees 15 476
Free-Float 28,8%
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Technical analysis trends WACKER CHEMIE AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 135,40 €
Average target price 155,81 €
Spread / Average Target 15,1%
EPS Revisions
Managers and Directors
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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