Wacker Chemie EBITDA slides 22% in Q2

August 01, 2013 - Germany

Wacker Chemie AG expanded its business in April-through-June 2013 compared with the preceding quarter. This growth primarily stems from increased demand at its chemical divisions. Volumes in many business areas outperformed both Q2 2012 and Q1 2013. Products for the construction industry experienced particularly strong demand due to seasonal effects.

Sales and earnings at the Munich-based chemical company were higher than in Q1 2013. As already expected, though, WACKER did not match the prior-year quarter’s figures. WACKER posted sales of €1,150.3 million from April through June 2013, after €1,222.5 million last year, a decline of just under 6 percent.

The low price levels for solar silicon and semiconductor wafers were the principal reason why sales did not reach the Q2 2012 figure. Compared with the preceding quarter (€1,076.3 million), however, sales were up roughly 7 percent.

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