Q3 sales slightly weakened 1% to €1,346m (v: +2%, p. -4%, +1%) and the gross profit margin moved 90bp down to 21.1%. EBITDA went up +14% to €301m and net profit attributable to shareholders rose +7% to €64m. Operating CF jumped +57% to €297m primarily driven by higher D/A and a swing in NWC (€15m after €-31m). Investing CF (€-177m after €-283m) saw a lower capex outflow as the Tennessee site is now ramping up production and investments in securities mov
28 Oct 2016
Weaker top line, but profitability strongly increased
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Weaker top line, but profitability strongly increased
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
28 Oct 2016 -
Author:
Martin Schnee -
Pages:
3
Q3 sales slightly weakened 1% to €1,346m (v: +2%, p. -4%, +1%) and the gross profit margin moved 90bp down to 21.1%. EBITDA went up +14% to €301m and net profit attributable to shareholders rose +7% to €64m. Operating CF jumped +57% to €297m primarily driven by higher D/A and a swing in NWC (€15m after €-31m). Investing CF (€-177m after €-283m) saw a lower capex outflow as the Tennessee site is now ramping up production and investments in securities mov