Wacker's earnings plummet

摘要

Wacker Chemie (Munich, Germany) reports lower second-quarter sales and earnings compared with the same period last year. EBITDA was down 50.0% year on year (YOY) to €105.4 million ($123.9 million). The decrease was mainly due to lower volumes and lower average prices for solar-grade polysilicon and standard silicones. Net income plummeted 87.9% to €4.5 million. Sales, at €1.07 billion, were 15.5% lower YOY.