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Net income slips 22% at Wacker Chemie in 2016
15
Mar '17
Driven by substantially higher depreciation, net income at German specialty chemicals producer Wacker Chemie AG slipped 22 per cent year on year to €189 million in full year 2016. However, full year of 2016 EBITDA, increased 5 per cent, despite lower special income and sales grew slower at 2 per cent over 2015 to total €5.4 billion in 2016.

The company has proposed a dividend of €2.00 per share, which corresponds to 53 per cent of net income.

For the current year, Wacker Chemie expects to grow in the mid-single digit range, with adjusted EBITDA expected to remain at the same level as in 2016.

The German company also projects net cash flow to total around €400 million in 2017. (AR)

Fibre2Fashion News Desk – India


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