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Wacker Forecasts Substantial Earnings and Sales Improvement in 2010

6:54 AM MDT | March 24, 2010 | Robert Westervelt

 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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