Wacker Chemie AG — Earnings Release 2014

Jul 22, 2014

News Details

Ad-hoc | 22 July 2014 12:18

Wacker Chemie AG: WACKER upgrades annual earnings forecast

Wacker Chemie AG / Key word(s): Change in Forecast/Final Results

22.07.2014 12:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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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.

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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: 0049-89-6279-1633
Fax: 0049-89-6279-2933
E-mail: investor.relations@wacker.com
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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