WACKER achieves strong sales growth in Q3 2022 and confirms full-year forecast
Wacker Chemie AG finished Q3 2022 with significant sales growth. From July through September, the Munich-based chemical company generated sales of €2,132.2 million. That was 29 percent higher than in the same period last year (€1,658.6 million). Relative to a quarter earlier (€2,174.2 million), sales declined by 2 percent due to reduced demand. Higher selling prices were the main growth driver compared with a year earlier. Sales also benefited from positive exchange-rate effects due to the stronger US dollar. On the other hand, volumes that were somewhat lower overall compared with a year earlier had a dampening effect on sales.
Read More