Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of January 28, 2014

Munich, Jan 28, 2014

Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of Jan. 28, 2014

Wacker Chemie AG / Business Figures / Special Income

WACKER Restructures Contractual Relationship with one of its Solar-Silicon Customers

Munich, January 28, 2014 – Wacker Chemie AG has restructured its contractual and delivery relationships with one of its solar-silicon customers. The two companies signed the relevant agreements today. WACKER will continue supplying this customer with hyperpure polysilicon for solar cells, albeit under different conditions than previously agreed. The adjustments made include delivery volumes and prices. Due to the new provisions, WACKER will recognize special income from retained advance payments and from damages in its financial statements for the first quarter of 2014. WACKER’s first-quarter EBIT (earnings before interest and taxes) is expected to increase by about €115 million as a result. For competitive reasons, WACKER has agreed that it will not disclose the customer's name and will keep the details of the new provisions confidential.

Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München

Jörg Hoffmann
Tel. +49 89 6279-1633
Email

Additional Information

ISIN: DE000WCH8881
WKN: WCH888
Deutsche Boerse: WCH
Ticker Bloomberg CHM/WCK.GR
Ticker Reuters CHE/WCHG.DE
Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer:

This ad hoc-release contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward looking statements, nor does it assume an obligation to do so.