Overview
- Wacker Chemie's third-quarter revenue decreased by 6% to €1.43 billion, with a 24% drop in operating profit.
- The company is affected by reduced demand in the automotive and construction industries, as well as U.S. anti-dumping measures impacting solar product imports from Asia.
- Despite challenges, Wacker Chemie maintains its annual forecast, targeting an operating profit between €600 and €800 million for 2024.
- The polysilicon segment for semiconductor applications showed positive growth, contrasting with weaker solar polysilicon sales.
- Wacker Chemie employs 10,600 people in Germany and 6,000 abroad, as it navigates a challenging economic environment.