Wacker Expects Special Income From Terminated Business Relationship with Solar Customer
Wacker
08 May 2015
Munich, May 7, 2015 – Wacker Chemie AG and a solarsector customer have agreed to terminate their contractual and delivery relationships. The terms of the agreement reached today include WACKER’s retention of advance payments received. The agreement also stipulates that WACKER will receive compensatory payments from this customer.
Accordingly, WACKER’s financial statements for Q2 2015 will recognize special income, which is expected to increase EBIT (earnings before interest and taxes) of WACKER POLYSILICON and of the Group by some €78 million. For competitive reasons, WACKER is not disclosing any other details of the terminated contract.
This press release contains forwardlooking statements based on assumptions and estimates of WACKER’s Executive Board. Although we assume the expectations in these forwardlooking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forwardlooking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forwardlooking statements, nor does it assume the obligation to do so.
For further information, please contact:
Wacker Chemie AG
Media Relations & Information Christof Bachmair
Tel. +49 89 62791830
Fax +49 89 62791239
[email protected]
The company in brief:
WACKER is a globallyactive chemical company with some 16,700 employees and annual sales of around €4.83 billion (2014).
WACKER has a global network of 25 production sites, 21 technical competence centers and 48 sales offices.
WACKER SILICONES
Silicone fluids, emulsions, rubber and resins; silanes; pyrogenic silicas; thermoplastic silicone elastomers
WACKER POLYMERS
Polyvinyl acetates and vinyl acetate copolymers in the form of dispersible polymer powders, dispersions, solid resins and
solutions used as binders for construction chemicals, paints and coatings, adhesives, plasters, textiles and nonwovens, as well as for polymeric materials based on renewable resources
WACKER BIOSOLUTIONS
Biotech products such as cyclodextrins, cysteine and biologics, as well as fine chemicals and PVAc solid resins
WACKER POLYSILICON
Polysilicon for the semiconductor and photovoltaic industries
Siltronic
Hyperpure silicon wafers and monocrystals for semiconductor components
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