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Investing.com -- Wacker Chemie AG (ETR:WCHG) on Thursday reported third-quarter EBITDA of €112 million, exceeding analyst expectations by 13% compared to Jefferies estimates and 10% versus consensus.
The German chemical company has narrowed its full-year 2025 EBITDA guidance to the lower half of its previously stated €500-700 million range. This adjustment places the outlook closer to current analyst estimates of approximately €590-598 million.
Sales guidance was also adjusted to the lower end of the €5-5.9 billion range, aligning with analyst expectations of around €5.58 billion. The company expects negative net cash flow for the year, though substantially improved compared to the previous year.
By division, the Silicones segment generated EBITDA of €86 million with sales of €673 million, showing flat volumes but weaker product mix. The company downgraded its full-year outlook for this segment, now expecting sales and EBITDA slightly below previous year levels.
The Polymers division reported EBITDA of €47 million on sales of €344 million. Sales were held back by pricing pressure and lower volumes in consumer-related dispersions, while construction markets remained soft. The division’s outlook was downgraded to a mid-single-digit sales decline for 2025.
Biosolutions delivered EBITDA of €8 million with sales of €93 million amid a soft demand environment. The company revised its full-year outlook for this segment, now expecting EBITDA of approximately €25 million.
The Polysilicon division recorded EBITDA of €18 million on sales of €197 million, with strong semiconductor demand but low solar-grade demand and lower average selling prices quarter-over-quarter. Wacker cited continued uncertainties in the U.S. solar market due to ongoing regulatory investigations.
Financially, Wacker reported third-quarter net cash flow of €19 million, a significant improvement from the €-99 million in the same period last year.
Capital expenditure was €111 million, down from €149 million in the third quarter of 2024. Net financial debt stood at €1,156 million, representing 1.8 times net debt to EBITDA.
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