Wacker Chemie Confirms 2026 Guidance After Q3 Results
Wacker Chemie said higher selling prices and its cost-reduction program drove summer-quarter performance. It confirmed full-year revenue and EBITDA guidance and expects net debt to be lower than previously anticipated. JPMorgan maintained its Underweight rating with a price target of 62 euros, saying EBITDA met expectations and cash flow was better than anticipated.
Wacker Chemie's performance in the summer quarter was driven by higher selling prices and the company's ongoing cost-reduction program. The company confirmed its full-year guidance for both revenue and operating profit (EBITDA). Additionally, management indicated that net debt is expected to be lower than previously anticipated. Following the release of these results, JPMorgan maintained its 'Underweight' rating on the stock with a price target of 62 euros, noting that while EBITDA met expectations, cash flow development was better than anticipated.