Wacker’s FY 18 profitability was negatively impacted by higher raw material prices (Polymers) and lower volumes and sales prices (Polysilicon) accompanied with the re-ramp up costs for the Charleston site. In addition to the difficult business environment, the compensation for the business interruption is still pending. All in all, Wacker’s preliminary figures exceeded our cautious expectations, but more information is needed to have a deeper dive into the figures.
18 Jan 2019
Better than expected
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Better than expected
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
18 Jan 2019 -
Author:
Martin Schnee -
Pages:
2
Wacker’s FY 18 profitability was negatively impacted by higher raw material prices (Polymers) and lower volumes and sales prices (Polysilicon) accompanied with the re-ramp up costs for the Charleston site. In addition to the difficult business environment, the compensation for the business interruption is still pending. All in all, Wacker’s preliminary figures exceeded our cautious expectations, but more information is needed to have a deeper dive into the figures.