WACKER Posts Substantial Quarter-Over-Quarter Increases in Sales and EBITDA in Q3 2020
· WACKER’S Q3 2020 SALES REACH €1.18 BILLION, UP 10 PERCENT QUARTER OVER QUARTER, BUT DOWN 7 PERCENT YEAR OVER YEAR DUE TO IMPACT OF CORONAVIRUS PANDEMIC · AT €191 MILLION, EBITDA IS 81 PERCENT HIGHER VERSUS A QUARTER AGO, BUT 30 PERCENT LOWER THAN LAST YEAR DUE TO SPECIAL INCOME POSTED IN Q3 2019 · NET INCOME FOR Q3 2020 AMOUNTS TO €68 MILLION · PROVISIONS FOR PENSIONS RISE TO €2.65 BILLION AMID LOWER DISCOUNT RATES · NET CASH FLOW OF €296 MILLION CLIMBS 68 PERCENT YEAR OVER YEAR · FOR FULL-YEAR 2020, WACKER EXPECTS SALES, EBITDA AND EBITDA MARGIN TO DECLINE FROM LAST YEAR