Wacker Chemie AG said Tuesday that it expects sales and earnings to grow in 2021 as economic output begins to pick up following the coronary virus outbreak.
The German chemical company was forecasting mid-to-figure percentage sales growth and was forecasting a 10% to 20% increase in pre-interest earnings, taxes, depreciation and depreciation.
Ebitda in the first quarter should be significantly higher than a quarter of last year due to strong demand for polysilicon products and construction sector, the company says.
Wacker Chemie said he expects net profit to rise sharply. It also forecasts a positive net cash flow, albeit significantly lower than last year.
Wacker recommended a share of EUR2 per share, down to EUR2.50 in 2019.
The company generally posted results according to its forecasts.
Wacker said he regained ground in the third and fourth quarters due to strong construction and polysilicon demand but did not make up for the sales decline earlier in the year.
Write to Joshua Stein at [email protected]