Overview
- Wacker reported a sharp earnings turnaround with operative EBITDA of about €217 million in Q3 and €601 million for the first nine months, producing a nine‑month net profit of €452 million.
- Company executives said the result shows the Pace cost-and-efficiency program is working and that the firm expects roughly €200 million in savings this year and more than €300 million annually from 2028.
- Asset-management moves supported liquidity: sales of Siltronic shares generated about €360 million in proceeds, including €171 million in Q3, and a €35 million one-off gain from a polysilicon contract termination boosted the quarter.
- Management reaffirmed its upgraded full‑year EBITDA guidance of €625–750 million while warning that U.S. anti‑dumping measures on polysilicon and regional geopolitical tensions keep the outlook uncertain.
- The plan to cut about 1,600 jobs in Germany remains in place with the biggest impact at Burghausen, and the company has denied reports that it plans to close the Charleston, Tennessee polysilicon plant.