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.
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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
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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
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DGAP-Adhoc: Wacker Chemie AG: WACKER RESTRUCTURES CONTRACTUAL RELATIONSHIP WITH ONE OF ITS SOLAR-SILICON
| Source: EQS Group AG