• WACKER ADJUSTS DELIVERY VOLUMES AND PRICES
  • SPECIAL INCOME FROM ADVANCE PAYMENTS AND DAMAGES IS EXPECTED TO INCREASE EBIT BY €115 MILLION IN Q1 2014
Munich, Jan 28, 2014

Wacker Chemie AG has restructured its contractual and delivery relationships with one of its solar-silicon customers. The two companies signed the relevant agreements today. The Munich-based chemical Group will continue supplying this customer with hyperpure polysilicon for solar cells, albeit under different conditions than previously agreed. The adjustments made include delivery volumes and prices.

Due to the new provisions, WACKER will recognize special income from retained advance payments and from damages in its financial statements for the first quarter of 2014. WACKER's first-quarter EBIT (earnings before interest and taxes) is expected to increase by about €115 million as a result.

For competitive reasons, WACKER has agreed that it will not disclose the customer's name and will keep the details of the new provisions confidential.

This press release contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking 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 forward-looking 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 forward-looking statements, nor does it assume the obligation to do so.

Contact

Wacker Chemie AG
Media Relations & Information
Christof Bachmair

Tel. +49 89 6279-1830
Fax +49 89 6279-1239
Email christof.bachmair@wacker.com
Send Message

Contact for Analysts and Investors

Wacker Chemie AG
Investor Relations
Joerg Hoffmann

Tel. +49 89 6279-1633
Fax +49 89 6279-2933
Email joerg.hoffmann@wacker.com
Send Message

distributed by