After a Solid Second Quarter, WACKER Raises its Forecast for Full-Year 2017
(WorldNews Germany)

WACKER generated EBITDA of EUR253.4 million in Q2 2017. That was about 4 percent less than last year (EUR265.0 million), but almost 11 percent more than a quarter ago (EUR229.3 million). One of the main reasons for the year-over-year decline was the fact that raw-material prices were higher. On the other hand, high plant utilization rates strengthened EBITDA in the reporting quarter. The Group`s EBITDA margin for Q2 2017 was 20.8 percent (Q2 2016: 22.1 percent). A quarter ago, it reached 18.8 percent. Group earnings before interest and taxes (EBIT) amounted to EUR101.9 million in Q2 2017 (Q2 2016: EUR104.5 million), corresponding to an EBIT margin of 8.4 percent (Q2 2016: 8.7 percent). Net income for...