Wacker’s sales was slightly up (+1% to €1,386m) in Q2, but the gross profit margin (18.8% after 21.7%) partly suffered from the lower prices related to cheaper raw material prices. EBITDA weakened (-9% to €300m), due to lower positive one-offs and net profit attributable to shareholders nearly halved (-48% to €57m). Operating CF increased 23% to €172m, clearly helped by a lower NWC outflow (€-62m after €-110m). Investing CF (€-190m after €-223m) b
28 Jul 2016
Strong ‘chemicals’ trigger guidance update
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Strong ‘chemicals’ trigger guidance update
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
28 Jul 2016 -
Author:
Martin Schnee -
Pages:
3
Wacker’s sales was slightly up (+1% to €1,386m) in Q2, but the gross profit margin (18.8% after 21.7%) partly suffered from the lower prices related to cheaper raw material prices. EBITDA weakened (-9% to €300m), due to lower positive one-offs and net profit attributable to shareholders nearly halved (-48% to €57m). Operating CF increased 23% to €172m, clearly helped by a lower NWC outflow (€-62m after €-110m). Investing CF (€-190m after €-223m) b