... but excludes the potential effects from COVID-19 and the cost-cutting programme. The reported FY figures were pretty much in line with those already communicated. Management’s dividend proposal does not reflect confidence. We understand that Wacker is struggling with the potential COVID-19 impacts, but that the (positive and negative) effects from the cost-cutting programme are still not determined, which does not look very professional to us.
17 Mar 2020
Quite strong 2020 guidance ...
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Quite strong 2020 guidance ...
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
17 Mar 2020 -
Author:
Martin Schnee -
Pages:
3
... but excludes the potential effects from COVID-19 and the cost-cutting programme. The reported FY figures were pretty much in line with those already communicated. Management’s dividend proposal does not reflect confidence. We understand that Wacker is struggling with the potential COVID-19 impacts, but that the (positive and negative) effects from the cost-cutting programme are still not determined, which does not look very professional to us.