Wacker Chemie AG

euro adhoc: Wacker Chemie AG
quarterly or semiannual financial statement / WACKER POSTS SUBSTANTIAL SALES AND EARNINGS GAINS IN Q1 2006

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Munich, May 16, 2006 - Wacker Chemie AG reported strong year-on-year sales growth and even stronger earnings for Q1 2006. Consolidated sales rose to EUR798.5 million (Q1 2005: EUR608.2 million). Despite higher raw material and energy costs, the Munich-based chemical company doubled its year-on-year EBITDA to EUR183.6 million (Q1 2005: EUR92.0 million). Group result reached EUR66.2 million, up EUR86.5 million year-on-year. Equity increased by 4.1% to EUR930.7 million (Q1 2005: EUR893.7 million), resulting in an equity ratio of 30.8% (Q1 2005: 30.8%). Net debt came down by 4% to EUR954.1 million (Q1 2005: EUR994.0 million). Total assets increased by 4 % to EUR3,019.8 million (Q1 2005: EUR2,900.2 million). Earnings per share reached EUR1.49 (Q1 2005: EUR-0.39). During Q1 2006, 44.3 million shares were outstanding on average.  WACKER expects to continue the upward trend during 2006 in a favorable economic environment. An uncertain factor, however, is the impact of higher oil prices on the global economy. For the full year 2006 WACKER now expects sales growth slightly higher than 10%, which was last year’s growth rate. Full year EBITDA 2006 is expected between EUR640 and 680 million. The full quarterly report is available for download from Wacker Chemie AG’s website under the caption Investor Relations (www.wacker.com).

Additional information: ISIN: DE000WCH8881 WKN: WCH888  Deutsche Boerse: WCH Ticker Bloomberg: CHM/WCK.GR Ticker Reuters: CHE/WCHG.DE Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer: This ad hoc-release contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking 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 forward looking 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 an obligation to do so.

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ots Originaltext: Wacker Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Mr. Joerg Hoffmann
Tel. +49 89 6279 1633
Fax +49 89 6279 2933

Branche: Chemicals
ISIN:      DE000WCH8881
WKN:        WCH888
Index:    CDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Original-Content von: Wacker Chemie AG, übermittelt durch news aktuell

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