Wacker Chemie reported October 29 that third-quarter earnings before interest, taxes, depreciation and amortization rose 94.4% to €217.2 million, with cost savings and a one-time gain supporting the increase.
Revenue rose 9.4% from a year earlier to €1.466 billion, though it declined from the preceding quarter. Wacker said higher selling prices and, to a lesser extent, volumes lifted sales across its divisions.
The company reported €87.3 million in net income, reversing an €82.1 million loss a year earlier. Operating profit was €102.8 million, compared with a €20 million loss.
The EBITDA result included approximately €35 million from terminating a polysilicon contract. Wacker also attributed the improvement to its PACE efficiency program, currency effects and product mix.
Quarterly net cash flow reached €476.4 million, helped by approximately €170 million from additional Siltronic share sales.
Wacker kept its annual sales and earnings forecast unchanged. It lowered expected year-end net financial debt to around €200 million from approximately €500 million, reflecting asset-sale proceeds and changes to funding retirement obligations. That debt figure remains a forecast.
Sources: Wacker Chemie regulated announcement via pressetext — https://www.pressetext.com/news/20261029006