Wacker has been working on its still loss-making polysilicon business, but the losses have not gone go away. Thankfully, Wacker is also active in the oil-based value chain, which gave EBITDA quite a nice push in addition to some lower corporate costs. In the light of the pandemic, management initiated some measures (lower capex) as expected. The Q1 figures were better than expected, especially profitability, which is also true for consensus.
30 Apr 2020
Still cash-absorbing Polysilicon
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Still cash-absorbing Polysilicon
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
30 Apr 2020 -
Author:
Martin Schnee -
Pages:
3
Wacker has been working on its still loss-making polysilicon business, but the losses have not gone go away. Thankfully, Wacker is also active in the oil-based value chain, which gave EBITDA quite a nice push in addition to some lower corporate costs. In the light of the pandemic, management initiated some measures (lower capex) as expected. The Q1 figures were better than expected, especially profitability, which is also true for consensus.