Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad-hoc disclosure of July 22, 2014

Munich, Jul 22, 2014

Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of July 22, 2014

Wacker Chemie AG / Business Figures / Annual Forecast

WACKER UPGRADES ANNUAL EARNINGS FORECAST

Munich, July 22, 2014 – Wacker Chemie AG has upgraded its annual projection for EBITDA (earnings before interest, taxes, depreciation and amortization). An announcement to this effect was issued by the Munich-based chemical company today. EBITDA for 2014 is now projected to be at least one third higher than last year’s €678.7 million. Before this upgrade, WACKER had expected to surpass its 2013 EBITDA by at least 10 percent.

The upward revision is based on good business performance and strong demand, especially at WACKER POLYSILICON, and success at reducing costs. Furthermore, WACKER expects additional special income from its polysilicon activities in Q3. The Munich-based chemi-cal company has terminated or restructured contracts with solar-sector customers. As a result, WACKER’s financial statements for Q3 2014 will recognize special income from retained advance payments and damages received that will increase EBITDA and EBIT at WACKER POLYSILICON and within the Group by some €90 million.

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.