WACKER Raises Full-Year Forecast after Another Strong Quarter
· GROUP SALES FOR Q2 2022 TOTAL €2.17 BILLION, UP BY 45 PERCENT FROM A YEAR EARLIER · AT €626 MILLION, EBITDA ALMOST DOUBLES YEAR OVER YEAR DUE TO BETTER PRICES AND POSITIVE PRODUCT-MIX EFFECTS · NET INCOME FOR Q2 2022 COMES IN AT €391 MILLION · NET CASH FLOW AT €96 MILLION, PARTLY DUE TO THE INCREASE IN WORKING CAPITAL AND TO HIGHER CAPITAL EXPENDITURES · FULL-YEAR FORECAST RAISED: GROUP SALES PROJECTED AT BETWEEN €8.0 BILLION AND €8.5 BILLION, WITH EBITDA EXPECTED TO RANGE BETWEEN €1.8 BILLION AND €2.3 BILLION · HIGHER ENERGY AND RAW-MATERIAL PRICES LIKELY TO IMPACT FULL-YEAR