Wacker Chemie AG (WKCMY.PK,WCH.DE), a German chemical company, on Thursday recorded a net loss for the second quarter, reflecting a drop in sales due to weak demand as a result of trade policy uncertainties.
Christian Hartel, CEO of Wacker Chemie AG, said: "Following a good start to the first quarter, demand among many customers was weak in the second quarter. Trade policy uncertainties in particular are hampering the economy."
For the three-month period, the company registered a net loss of EUR 19.2 million, or EUR 0.49 per share, compared with a profit of EUR 34.8 million, or EUR 0.58 per share, in the same period last year.
Pre-tax loss was EUR 27.9 million as against a profit of EUR 33.1 million a year ago.EBIT was negative EUR 11.3 million, compared with positive EUR 37.6 million in 2024. EBITDA moved down to EUR 114.3 million from EUR 154.7 million last year.
The Group posted sales of EUR 1.412 billion, down from EUR 1.467 billion in the previous year, due to the weaker US dollar and lower volumes sold.
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