Plus   Neg

Wacker Chemie Reaffirms Forecast For Fiscal Results

Wacker Chemie AG (WKCMY.PK,WKCMF.PK) Friday reaffirmed its fiscal sales and earnings forecast.

The Munich based Chemical company said it wants to lifts its sales by a mid-single-digit percentage this year. However, Full year adjusted EBITDA is expected to decline by a mid single digit percentage due to rising raw material prices.

Rudolf Staudigl, CEO said, "We want to grow faster than the chemical-sector average and achieve attractive margins with our products. At our chemical divisions, we are targeting an EBITDA margin of over 16 percent. For our polysilicon business, the target margin is in excess of 30 percent."

For full-year 2016, the dividend payout is 99.4 million pounds.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT