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Wacker Reports Huge Earnings Growth; Forecasts Record Results for Full 2010

3:15 AM MDT | November 4, 2010 | Natasha Alperowicz

Wacker Chemie (Munich) reported huge increases in sales and earnings in the third quarter and has revised upward its sales and earnings forecast for full-year 2010. Sales in the third quarter climbed 29% to €1.27 billion, fueled mainly by higher sales volumes. Customer demand was strong during the usually weaker summer vacation period, the company says. Wacker's earnings soared compared to both the year-earlier quarter and the second quarter of this year. Earnings before interest, tax, depreciation and amortization (Ebitda) was 85% higher at €340...

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