Solid Chemical Business and a Challenging Solar Market Shape WACKER’s Q2 Sales and Earnings
· GROUP SALES FOR Q2 2019 COME IN AT €1.27 BILLION, DOWN 5 PERCENT YEAR OVER YEAR, BUT UP 3 PERCENT QUARTER OVER QUARTER · SLOWED BY MARKEDLY WEAKER POLYSILICON PRICES, DECREASED STANDARD-SILICONE PRICES AND HIGHER ENERGY COSTS, EBITDA TOTALS €11 MILLION, 19 PERCENT BELOW A YEAR AGO, BUT 48 PERCENT ABOVE THE PRIOR QUARTER · NET INCOME FOR Q2 2019 AMOUNTS TO €7 MILLION · NET CASH FLOW IS POSITIVE AT €2 MILLION · FULL-YEAR FORECAST UNCHANGED: GROUP SALES FOR 2019 EXPECTED TO GROW BY A MID-SINGLE-DIGIT PER-CENTAGE, WITH EBITDA LIKELY TO DECLINE BY 10 TO 20 PERCENT