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WACKER expects Special Income from terminated Business Relationship with Solar Customer
Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of May 7, 2015
Wacker Chemie AG / Business Figures / Special Income
WACKER EXPECTS SPECIAL INCOME FROM TERMINATED BUSINESS RELATIONSHIP WITH SOLAR CUSTOMER
Munich, May 7, 2015 – Wacker Chemie AG and a solar-sector customer have agreed to terminate their contractual and delivery relationships. The terms of the agreement reached today include WACKER’s retention of advance payments received. The agreement also stipulates that WACKER will receive compensatory payments from this customer.
Accordingly, WACKER’s financial statements for Q2 2015 will recognize special income, which is expected to increase EBIT (earnings before interest and taxes) of WACKER POLYSILICON and of the Group by some €78 million.
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