DGAP-News: Wacker Chemie AG: Merger of Siltronic with GlobalWafers Does Not Materialize
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DGAP-News: Wacker Chemie AG
/ Key word(s): Mergers & Acquisitions/Investment
Munich, February 1, 2022 - Germany's Ministry of Economic Affairs and Climate Action did not issue the foreign trade clearance required for the merger of Siltronic AG ("Siltronic") with GlobalWafers Co., Ltd. ("GlobalWafers"). The Ministry did not provide the clearance required to close the transaction by the deadline of January 31, 2022. As a result, the planned merger will not materialize. Consequently, the irrevocable undertaking signed by WACKER and GlobalWafers on December 9, 2020, is void. In that agreement, the Munich-based chemical company had committed to transfer its 30.83-percent stake in Siltronic to GlobalWafers in the event of a successful merger. "We regret the decision by Germany's Ministry of Economic Affairs and Climate Action not to approve the merger before expiry of the contract closing period. We remain convinced that the merger of GlobalWafers and Siltronic would have been in the best interests not only of both companies, but also of the German and European semiconductor industries," said Christian Hartel, President & CEO of WACKER. "The merger of Siltronic with GlobalWafers would have created an industry leader with strong roots in Europe and an extensive portfolio for supplying all its customers with cutting-edge products." Hartel underscored that WACKER still intended to sell its remaining stake in Siltronic in the medium term and that WACKER was under no time pressure in this regard: "Siltronic has performed extremely well in recent years. It is excellently placed in terms of technology and is highly profitable. That makes our stake in Siltronic a financially accretive investment for us." This press 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 its forward-looking statements, nor does it assume the obligation to do so.
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01.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1274777 |
| End of News | DGAP News Service |
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1274777 01.02.2022
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 4.927,60 | 4.692,20 | 6.207,50 | 8.209,30 | 6.402,20 | 5.721,80 | 5.700,00 | |
| EBITDA1,2 | 783,40 | 666,30 | 1.538,50 | 2.080,90 | 823,60 | 762,80 | 580,00 | |
| EBITDA-Margin3 | 15,90 | 14,20 | 24,79 | 25,35 | 12,86 | 13,33 | 10,18 | |
| EBIT1,4 | -536,30 | 262,00 | 1.134,30 | 1.477,10 | 404,90 | 290,10 | 110,00 | |
| EBIT-Margin5 | -10,88 | 5,58 | 18,27 | 17,99 | 6,32 | 5,07 | 1,93 | |
| Net Profit (Loss)1 | -626,90 | 202,30 | 827,80 | 1.281,60 | 327,30 | 260,70 | 12,00 | |
| Net-Margin6 | -12,72 | 4,31 | 13,34 | 15,61 | 5,11 | 4,56 | 0,21 | |
| Cashflow1,7 | 184,40 | 697,70 | 760,80 | 438,80 | 165,60 | 310,40 | 285,00 | |
| Earnings per share8 | -12,94 | 3,81 | 16,24 | 25,18 | 6,31 | 4,85 | 0,20 | |
| Dividend per share8 | 0,50 | 2,00 | 8,00 | 12,00 | 3,00 | 2,50 | 2,50 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Wacker Chemie | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| WCH888 | DE000WCH8881 | AG | 3.525,52 Mio € | 10.04.2006 | Halten | 8FWH4JF4+G2 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 14,08 | 16,09 | 0,88 | 9,13 | 0,84 | 11,36 | 0,62 |
|
Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 3,00 | 2,50 | 2,50 | 3,70% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 06.05.2026 | 29.04.2026 | 31.07.2025 | 30.10.2025 | 11.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +2,11% | +0,85% | -3,48% | -6,11% | -15,50% |
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