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Wacker Chemie AG: WACKER ACHIEVES STRONG SALES GROWTH IN Q3 2015 WITH EARNINGS BELOW PREVIOUS YEAR DUE TO LOWER SPECIAL INCOME - Seite 2
EUR2.43).
WACKER confirmed its forecast for full-year 2015. The company expects Group
sales to rise by about 10 percent (2014: EUR4.83 billion) and thus surpass
EUR5 billion for the first time ever. EBITDA on a comparable basis, i.e.
adjusted for special income, is expected to increase slightly. Group net
income is likely to be somewhat lower than a year ago because special
income will probably not be as high this year as it was in 2014.
"After the first nine months of the year, we are well on track to achieve
our targets for 2015," said CEO Rudolf Staudigl in Munich on Thursday.
"Without doubt, the economic environment has become considerably more
challenging in the last few months for us as well. However, recent weeks
have once again shown that one of WACKER's greatest strengths lies in its
broad portfolio of products and solutions for a large number of key
industries. The good performance of our chemical business has been
instrumental in compensating for - and cushioning - the impact of the
challenges we face in the solar and semiconductor industries."
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Regions
In the reporting quarter, Asia was once again by far the largest market for
WACKER products, with generating a good 42 percent of total Group sales (Q3
2014: 41 percent) there in the three months to September 2015. At EUR575.8
million (Q3 2014: EUR501.1 million), sales were up 15 percent year over
year. All of the Group's business divisions exceeded their respective
prior-year figures for sales in Asia, with growth being strongest for
polymer products and silicones. The Group as a whole almost matched its
sales figure for the preceding quarter (EUR577.4 million).
In Europe, WACKER achieved third-quarter sales of EUR316.5 million (Q3
2014: EUR293.4 million), up just under 8 percent year over year and almost
1 percent quarter over quarter (Q2 2015: EUR314.1 million). All of the
business divisions exceeded their respective prior-year figures, except for
WACKER POLYSILICON, where sales in Europe declined.
WACKER's sales in Germany came in at EUR173.6 million in the reporting
quarter (Q3 2014: EUR174.8 million), nearly 1 percent lower than a year
earlier, but almost 1 percent higher than in the preceding quarter
(EUR172.1 million). Whereas business in semiconductor wafers and chemical
products in Germany grew slightly overall, sales of polysilicon declined in
this region.
Favorable exchange-rate effects continued to have a positive impact on
sales in the Americas in Q3 2015. WACKER's third-quarter sales in that
region amounted to EUR238.9 million (Q3 2014: EUR215.9 million), almost 11
In the reporting quarter, Asia was once again by far the largest market for
WACKER products, with generating a good 42 percent of total Group sales (Q3
2014: 41 percent) there in the three months to September 2015. At EUR575.8
million (Q3 2014: EUR501.1 million), sales were up 15 percent year over
year. All of the Group's business divisions exceeded their respective
prior-year figures for sales in Asia, with growth being strongest for
polymer products and silicones. The Group as a whole almost matched its
sales figure for the preceding quarter (EUR577.4 million).
In Europe, WACKER achieved third-quarter sales of EUR316.5 million (Q3
2014: EUR293.4 million), up just under 8 percent year over year and almost
1 percent quarter over quarter (Q2 2015: EUR314.1 million). All of the
business divisions exceeded their respective prior-year figures, except for
WACKER POLYSILICON, where sales in Europe declined.
WACKER's sales in Germany came in at EUR173.6 million in the reporting
quarter (Q3 2014: EUR174.8 million), nearly 1 percent lower than a year
earlier, but almost 1 percent higher than in the preceding quarter
(EUR172.1 million). Whereas business in semiconductor wafers and chemical
products in Germany grew slightly overall, sales of polysilicon declined in
this region.
Favorable exchange-rate effects continued to have a positive impact on
sales in the Americas in Q3 2015. WACKER's third-quarter sales in that
region amounted to EUR238.9 million (Q3 2014: EUR215.9 million), almost 11
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