Wacker Chemie AG - Earnings Release 2019

News Details

Ad-hoc | 5 March 2019 11:40

Wacker Chemie AG: WACKER ISSUES GUIDANCE FOR 2019

Wacker Chemie AG / Key word(s): Forecast

Wacker Chemie AG: WACKER ISSUES GUIDANCE FOR 2019

05-March-2019 / 11:40 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Disclosure of Insider Information as per Article 17 of MAR

Wacker Chemie AG / Full-Year Forecast

WACKER ISSUES GUIDANCE FOR 2019

Munich, March 05, 2019: 10:53 a.m. CET – The Executive Board of Wacker Chemie AG has decided on its guidance for 2019 today. It expects Group sales to climb by a mid-single-digit percentage versus last year’s EUR4.98 billion amid higher polysilicon and chemical sales volumes.

EBITDA (earnings before interest, taxes, depreciation and amortization) will be between 10 and 20 percent lower than last year’s figure (EUR930 million). That will accordingly affect other earnings indicators, including EBITDA margin, EBIT and net income. A significant contributing factor to the projected EBITDA decline are lower average prices anticipated for polysilicon this year.

WACKER expects net cash flow for 2019 to be clearly positive and significantly higher than last year’s figure (EUR125 million).

The insurance compensation payments expected for the loss event at Charleston (Tennessee, USA) are not included in this guidance.

WACKER will release its full outlook of all financial indicators for 2019 when it publishes its 2018 Annual Report on March 19, 2019.

Issuer and Contact

Wacker Chemie AG

Hanns-Seidel-Platz 4

81737 Munich, Germany

Investor Relations

Joerg Hoffmann

Tel. +49 89 6279 1633

Fax +49 89 6279 2933

[email protected]

www.wacker.com

Additional Information

ISIN: DE000WCH8881

WKN: WCH888

Deutsche Boerse : WCH

Ticker, Bloomberg: CHM/WCH:GR

Ticker, Reuters : CHE/WCHG.DE

Listing: Frankfurt Stock Exchange (Frankfurter

Wertpapierbörse), Official Market (Prime Standard)

Disclaimer

This publication 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 its forward-looking statements, nor does it assume the obligation to do so.

This document includes supplemental financial measures (not clearly defined in the applicable financial reporting framework) that are or may be alternative performance measures (APM). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of WACKER’s net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2017 of Wacker Chemie AG which is available for download under www.wacker.com.

05-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	[email protected]
Internet:	www.wacker.com
ISIN:	DE000WCH8881
WKN:	WCH888
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange