WACKER Remains Below Year-Earlier Figures Due to Lower Volumes in Q1 2023
Wacker Chemie AG’s Figures for Q1 2023 (unaudited)· GROUP SALES FOR Q1 2023 DOWN 16 PERCENT YEAR OVER YEAR TO €1.74 BILLION · EBITDA DECLINES 56 PERCENT TO €281 MILLION COMPARED WITH A YEAR EARLIER, DUE TO LOWER VOLUMES AND PRICES · NET INCOME FOR Q1 AT €147 MILLION · CEO CHRISTIAN HARTEL: “WHILE OUR CUSTOMERS ARE EASING OFF THEIR INVENTORY ADJUSTMENTS, WE HAVE YET TO SEE A CLEAR SIGN OF STRONGER MARKET DEMAND” · FULL-YEAR FORECAST CONFIRMED: GROUP SALES PROJECTED AT AROUND €7–7.5 BILLION IN 2023, WITH EBITDA EXPECTED TO BE BETWEEN €1.1 BILLION AND €1.4 BILLION För mer