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Wacker Chemie AG: WACKER Raises Once More its Forecast for Fiscal Year 2021

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Wacker Chemie AG / Key word(s): Annual Results/Change in Forecast
Wacker Chemie AG: WACKER Raises Once More its Forecast for Fiscal Year 2021

15-Sep-2021 / 18:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of Insider Information as per
Article 17 of MAR

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.

Issuer and Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 Munich, Germany
Investor Relations
Joerg Hoffmann
Tel. +49 89 6279 1633
Fax: +49 89 6279-1179
investor.relations@wacker.com
www.wacker.com

Additional Information

ISIN: DE000WCH8881
WKN: WCH888
Deutsche Boerse: WCH
Ticker, Bloomberg: CHM/WCH:GR
Ticker, Reuters: CHE/WCHG.DE
Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer
This 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.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:

1233633


 

End of Announcement

DGAP News Service

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