München (pta/23.01.2023/14:50 UTC+1)
According to current estimates, Wacker Chemie AG anticipates EBITDA (earnings before interest, taxes, depreciation and amortization) of some €2.1 billion for fiscal year 2022, with sales coming in at about €8.2 billion. As expected, the company achieved new all-time highs in sales and earnings. Full-year EBITDA comes in at the low-end of current Group forecast and market expectations. According to preliminary calculations, WACKER generated EBITDA of around €360 million in Q4 2022 which is 14 percent below the average current market expectations of €420 million (source: Vara Research, January 20, 2023). As in the entire chemical industry, a reduction in customer inventories had a marked influence on WACKER's 4th quarter sales and earnings. This was particularly noticeable in the silicone business. In addition, domestic demand in China remained below potential due to pandemic-related restrictions. Outside China, this has led to increasing import pressure and falling prices. Prices for specialties, on the other hand, remained largely stable.
WACKER will release final results for fiscal 2022 on March 14, 2023.
Wacker Chemie AG
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