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    WCH   DE000WCH8881

WACKER CHEMIE AG

(WCH)
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153.125 EUR   -0.24%
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Wacker Chemie AG: WACKER Raises Once More its Forecast for Fiscal Year 2021

09/15/2021 | 12:01pm EDT

DGAP-Ad-hoc: 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.

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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 EUR6 billion (2020: EUR4.69 billion). Previously, WACKER had assumed full-year sales of some EUR5.5 billion. Group EBITDA for 2021 is expected to be between EUR1.2 billion and EUR1.4 billion. Previously, WACKER had expected EBITDA to come in between EUR900 million and EUR1.1 billion. For Q3 2021, WACKER expects sales of some EUR1.6 billion and EBITDA of roughly EUR400 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 EUR300 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.

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15-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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 
=------------ 

1233633 15-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1233633&application_name=news

(END) Dow Jones Newswires

September 15, 2021 12:00 ET (16:00 GMT)

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Financials
Sales 2021 5 938 M 6 919 M 6 919 M
Net income 2021 1 051 M 1 225 M 1 225 M
Net cash 2021 1 186 M 1 382 M 1 382 M
P/E ratio 2021 7,51x
Yield 2021 3,32%
Capitalization 7 626 M 8 848 M 8 885 M
EV / Sales 2021 1,08x
EV / Sales 2022 1,02x
Nbr of Employees 14 345
Free-Float 28,8%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 153,50 €
Average target price 161,59 €
Spread / Average Target 5,27%
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Managers and Directors
Christian Hartel President & Chief Executive Officer
Peter-Alexander Wacker Chairman-Supervisory Board
Matthias Biebl Member-Supervisory Board
Franz-Josef Kortüm Member-Supervisory Board
Susanne Weiss Member-Supervisory Board
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