Wacker Chemie AG / Key word(s): Miscellaneous/Quarter Results 28.01.2014 18:33 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of Jan. 28, 2014 Wacker Chemie AG / Business Figures / Special Income WACKER RESTRUCTURES CONTRACTUAL RELATIONSHIP WITH ONE OF ITS SOLAR-SILICON CUSTOMERS Munich, January 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. WACKER 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 EUR115 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. Issuer and Contact: Wacker Chemie AG Hanns-Seidel-Platz 4 81737 München, Germany Investor Relations Joerg Hoffmann Tel. +49 89 6279-1633 Fax +49 89 6279-2933 investor.relations@wacker.com www.wacker.com Additional Information: ISIN: DE000WCH8881 Security ID Number [WKN]: WCH888 German Stock Exchange Code: WCH Bloomberg Ticker CHM/WCH:GR Reuters Ticker CHE/WCHG.DE Listing: Official market (prime standard) Frankfurt stock exchange Disclaimer: This ad-hoc disclosure contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forwardÂlooking 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 forwardÂlooking 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. 28.01.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Wacker Chemie AG Hanns-Seidel-Platz 4 81737 München Germany Phone: 0049-89-6279-1633 Fax: 0049-89-6279-2933 E-mail: investor.relations@wacker.com Internet: www.wacker.com ISIN: DE000WCH8881 WKN: WCH888 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Wacker Chemie AG: WACKER RESTRUCTURES CONTRACTUAL RELATIONSHIP WITH ONE OF ITS SOLAR-SILICON
| Source: EQS Group AG