Wacker Half-Year Report 2024

“Even though a sustained turnaround is not yet in sight, we are seeing the first signs that the economy is recovering. Inflation rates are dropping at a faster rate than expected, and energy and raw-material prices have eased. Order intake in the chemical industry has improved. We are also seeing a gradual increase in demand again in some areas. In our chemical divisions, sales and earnings were up over the first quarter,” said Group President & CEO Christian Hartel.

Highlights

• GROUP SALES FOR Q2 2024 TOTAL €1.5 BILLION, DOWN 16 PERCENT YEAR OVER YEAR AND ON A PAR WITH THE PREVIOUS QUARTER
• EBITDA DECLINES 37 PERCENT TO €160 MILLION COMPARED WITH A YEAR EARLIER, PRIMARILY DUE TO LOWER VOLUMES AND PRICES
• NET INCOME FOR Q2 2024 AMOUNTS TO €35 MILLION
• NET CASH FLOW COMES IN AT €-179 MILLION
• FULL-YEAR FORECAST CONFIRMED