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Germany's Wacker Chemie Q3 EBITDA nearly doubles on cost savings

By Reuters News


Overview

  • Germany chemicals maker's Q3 revenue rose 9% yr/yr to €1.47 bln

  • Q3 EBITDA nearly doubled yr/yr, driven by cost-savings and efficiency measures

  • Q3 net income turned positive at €87 mln from a loss a year earlier


Outlook

  • Company expects 2026 sales growth in the mid-single-digit percentage range

  • Wacker Chemie sees 2026 EBITDA between €625 mln and €750 mln, likely upper half of range

  • Wacker Chemie lowers 2026 net financial debt forecast to €200 mln from €500 mln


Result Drivers

  • COST-SAVINGS PROGRAM - Co said PACE cost-savings and efficiency measures were the main driver of higher EBITDA

  • SELLING PRICES AND VOLUMES - Co attributed sales growth to higher selling prices and increased volumes

  • PRODUCT MIX AND CONTRACT TERMINATION - Co said improved product mix and €35 mln contract termination in Polysilicon division boosted EBITDA


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 1.47 bln

Q3 EPS

EUR 1.68

Q3 Net Income

EUR 87.30 mln

Q3 EBIT

EUR 102.80 mln

Q3 EBITDA

EUR 217.20 mln

Q3 EBIT Margin

7.00%


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the specialty chemicals peer group is "buy."

  • Wall Street's median 12-month price target for Wacker Chemie AG is €93.00, about 11.8% above its October 28 closing price of €83.15

  • The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 61 three months ago


Reuters Recommended Reads

  • Oct 27 - China's Daqo New Energy Q3 revenue jumps on higher polysilicon sales volume

  • Oct 28 - Symrise heads for worst day in eight years on growth, margin woes

  • Oct 28 - Germany's Symrise Q3 organic sales rise 5.3% on higher volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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