Germany's specialty chemical products company Wacker Chemie AG (WKCMF.PK, WKCMY.PK) said it expects strong demand to continue in the second quarter of 2012. Rudolf Staudigl, CEO of the Munich-based chemical company, said, "Polysilicon demand remains high and Siltronic plans to generate positive EBITDA." In 2012 first quarter, WACKER's sales and earnings figures were markedly better compared with the sequential quarter.
The company also confirmed its full-year 2012 forecast, still expecting sales of around 5 billion euros, and earnings before interest, taxes, depreciation and amortization or EBITDA would probably be significantly below 2011's level due to lower year-over-year polysilicon prices.
Of 2011's Group net income of 356.1 million euros, WACKER is paying out a total of 109.3 million euros to its shareholders. The dividend per dividend-entitled share is 2.20 euros for fiscal 2011.
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