Wacker Chemie Q3 Core Profit Doubles
Wacker Chemie reported a third-quarter core profit of 217.2 million euros, nearly doubling from the previous year due to cost cuts and higher prices. Group sales rose 9.4 percent while management maintained its full-year sales and earnings outlook.
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WACKER CHEMIE AG posted a third-quarter EBITDA of €217.2 million ($242.4 million), nearly doubling year-on-year from €111.7 million. The Germany specialty chemicals maker reported results that aligned closely with Vara Research analyst expectations of €213 million. The earnings rebound reinforces management's decision to maintain its full-year sales and earnings guidance.
