Wacker reports increased profits despite lower sales
Wacker Chemie AG reported stronger first-quarter earnings Tuesday despite lower sales, as cost-cutting measures and accelerated customer orders tied to geopolitical uncertainty boosted profitability.
The German chemical company said first-quarter sales fell 5% year over year to 1.41 billion euros, primarily due to unfavorable exchange-rate effects. Sales, however, increased 12% from the previous quarter.
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