Wacker posts positive Q3 results

Published: 28-Oct-2011
Ingredients Finance

Full year outlook more cautious


Munich-based chemical supplier Wacker Chemical Corporation has posted positive third quarter results, with sales up 1% to €1.28bn. Net income for the period reached €125m, however the outlook for full year results is more cautious. The company expects group sales to reach €5bn with EBITDA at prior year levels.

“Despite the tougher economic climate, business was good in the third quarter,” said ceo Rudolf Staudigl. “Given the economic uncertainties, our customers are being more cautious with their orders, while prices for our key raw materials remain very high. The demand for our products, however, is as strong as ever in many areas. Even if the fourth quarter turns out to be weaker than originally anticipated, 2011 will be comparable to last year’s record results.”

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