Wacker: polysilicon prices will lead to lower earnings 10 - 20%

Solar photovoltaic webex wacker chemical co. , LTD. ( Wacker Chemie AG） Said, due to the polycrystalline and chemicals sales increase this year, sales last year reached 49. 800 million euros, income is expected to moderate single-digit growth.

however, wacker board yesterday unveiled a 2019 forecast, said it expects this year's interest, tax, depreciation and amortisation ( EBITDA) To drop 10 - 20%, the main reason is the average price of polysilicon below expectations.

Wacker positive cash flow in 2019 is expected to be higher than 1 in 2018. 2. 5 billion euro, and in 2017 the United States Charleston factory explosive increase of insurable interest is not included in the forecast. On March 19, wacker chemical will be released 2018 annual report.

the company announced in January 2018, preliminary data, show turnover for 49. 800 million euros, up 1% from 2017. However, EBIDTA fell 8% to 9. 300 million euros.

wack yesterday added: & other; In addition to Charleston damage have not yet received the insurance interest, the solar energy business market weakness and rising commodity prices also significantly inhibited the benefits. ”

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