Wacker Chemie AG (OTCPK:WKCMF)
$ 110 3.8 (3.58%) Market Cap: 5.45 Bil Enterprise Value: 5.55 Bil PE Ratio: 16.08 PB Ratio: 1.14 GF Score: 83/100
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Q1 2020 Wacker Chemie AG Earnings Call Transcript

Apr 30, 2020 / 02:00PM GMT
Release Date Price: $60 (+14.72%)
JÃ;rg Hoffmann
Wacker Chemie AG - Head of IR

¶ -

Thank you, operator.

Welcome to the Wacker Chemie AG conference call on our Q1 2020 results. Dr. Rudolf Staudigl, our CEO; and Dr. Tobias Ohler, our CFO, will take you through our prepared slides in a minute. The presentation is available on our web page under the caption, Investor Relations.

Before we begin, allow me to point you to our safe harbor statement, which you'll find at the beginning of the slide deck.

Dr. Staudigl?

Rudolf Staudigl
Wacker Chemie AG - CEO, President & Member of Executive Board

Ladies and gentlemen, welcome to our conference call on the first quarter 2020 results. We delivered a strong performance in Q1. Sales were at EUR 1.2 billion, 3% less than last year, but 4% over the previous quarter, driven by volume. EBITDA came in at EUR 174 million, a solid 23% higher than last year.

With our good performance in chemicals, mainly due to a better cost base. Volumes in chemicals were up despite a pandemic-induced slump in China earlier

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