Wacker Forecasts Substantial Earnings and Sales Improvement in 2010

 Wacker Chemie says it expects substantial improvement in sales and earnings in 2010, noting that volume and sales recovery has continued through January and February. “Wacker has resumed a growth trajectory,” Wacker CEO Rudolf Staudigl said at the company’s annual results conference today in Munich. The company’s consolidated sales fell 14%, to €3.72 billion in 2009. Ebitda decreased 43%, to €607 million. Most of the decline was due to weakness in the semiconductor segment, where Ebitda dropped €520 million compared...

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