DGAP-News

Wacker Chemie AG: WACKER UPGRADES ANNUAL EARNINGS FORECAST

DGAP-News: Wacker Chemie AG / Key word(s): Forecast
Wacker Chemie AG: WACKER UPGRADES ANNUAL EARNINGS FORECAST

22.07.2014 / 12:20

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- THIS YEAR'S EBITDA EXPECTED TO BE AT LEAST ONE THIRD HIGHER THAN IN
2013

- SPECIAL INCOME FROM RETAINED ADVANCE PAYMENTS AND DAMAGES RECEIVED ARE
LIKELY TO INCREASE EBITDA FOR Q3 2014 BY ABOUT EUR90 MILLION

Munich, July 22, 2014 - Wacker Chemie AG has upgraded its annual projection
for EBITDA (earnings before interest, taxes, depreciation and
amortization). An announcement to this effect was issued by the
Munich-based chemical company today. EBITDA for 2014 is now projected to be
at least one third higher than last year's EUR678.7 million. Before this
upgrade, WACKER had expected to surpass its 2013 EBITDA by at least 10
percent.

The upward revision is based on good business performance and strong
demand, especially at WACKER POLYSILICON, and success at reducing costs.
Furthermore, WACKER expects additional special income from its polysilicon
activities in Q3. The Munich-based chemical company has terminated or
restructured contracts with solar-sector customers. As a result, WACKER's
financial statements for Q3 2014 will recognize special income from
retained advance payments and damages received that will increase EBITDA
and EBIT at WACKER POLYSILICON and within the Group by some EUR90 million.
WACKER already posted a similar special-income item of EUR114 million in Q1
2014. Consequently, WACKER anticipates from today's perspective that
retained advance payments and damages received, arising from terminated
contracts with polysilicon customers, will improve full-year EBITDA by a
total of some EUR210 million.

This press release contains forward-looking statements based on assumptions
and estimates of WACKER's Executive Board. Although we assume the
expectations in these forward-looking statements are realistic, we cannot
guarantee they will prove to be correct. The assumptions may harbor risks
and uncertainties that may cause the actual figures to differ considerably
from the forward-looking statements. Factors that may cause such
discrepancies include, among other things, changes in the economic and
business environment, variations in exchange and interest rates, the
introduction of competing products, lack of acceptance for new products or
services, and changes in corporate strategy. WACKER does not plan to update
the forward-looking statements, nor does it assume the obligation to do so.

For further information please contact:
Wacker Chemie AG
Media Relations & Information
Christof Bachmair
Tel. [phone]
Fax [phone]
[e-mail]


End of Corporate News

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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart


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