Wacker has reduced its stake in Siltronic down to 30.8% and has lost the dominating influence at the AGM. Consequently, Siltronic has to be reported as an at-equity investment starting in Q1 17. The remaining Wacker group reported +8% higher sales (to €1,219m; organic: +6%) and the gross profit margin moved from 16.5% (pro forma) to 17.6%. EBITDA was up +12% to €229m and net income from continuing operations increased +15% to €31m. Income attributable to shareholders swelled fr
27 Apr 2017
Bye-bye Siltronic!
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Bye-bye Siltronic!
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
27 Apr 2017 -
Author:
Martin Schnee -
Pages:
3
Wacker has reduced its stake in Siltronic down to 30.8% and has lost the dominating influence at the AGM. Consequently, Siltronic has to be reported as an at-equity investment starting in Q1 17. The remaining Wacker group reported +8% higher sales (to €1,219m; organic: +6%) and the gross profit margin moved from 16.5% (pro forma) to 17.6%. EBITDA was up +12% to €229m and net income from continuing operations increased +15% to €31m. Income attributable to shareholders swelled fr