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Wacker Chemie Q2 net profit rises 5.4%

August 02/2011

(ICIS) -- Wacker Chemies second-quarter net profit increased by 5.4% to EUR 142.7m (USD 203.9m) compared with the same period last year, as sales rose 10.3%, the Munich-based, worldwide chemical company said on Tuesday.

Sales for the second quarter rose to EUR 1.33bn from EUR 1.20bn in the same period in 2010, mainly due to higher sales volumes generated by sustained customer demand.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in the second quarter rose 5.2% to EUR 324.8m, compared with the same period last year, Wacker added.

Wacker said that although it was able to negotiate higher prices in its silicones and polymers segments, a negative impact from currency exchange-rate effects and higher raw materials costs had dampened earnings performance.

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