Wacker Chemie
ConvictionContext
Integrated B2B chemicals manufacturer selling into construction, automotive, electronics, semiconductor, solar, consumer care, pharma/biotech and food end-markets; capital-intensive plant-based production with a silicon-metal-to-silicones/polysilicon value chain.
Revenue
EUR 5.49B FY2025~$6.3BRev growth
-4% FY2025 YoYEUR 5.72B -> 5.49B); -5% in Q1 2026; FY2026 sales guide raised to high-single-digit % growth (from low-single-digit); EBITDA guide held at EUR 550-700MGross margin
not disclosed by the companyOp margin
negativein FY2025 (net loss driven by ~EUR 600M of non-cash impairments/valuation adjustments); reported EBITDA margin ~7.8% / ~9.6% ex-specialsCapex intensity
~8.5% of sales FY2025capex ~EUR 465M, roughly on par with depreciation); guided down to ~EUR 300M (~5.5%) for 2026Market cap
~$5.3BEUR 4.68B; Xetra: WCH, Jul 6 2026The read
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence