Page 1

WACKER Posts Substantial Sales and Earnings Growth in Q2 2021 amid Strong Customer Demand ■ GROUP SALES FOR Q2 2021 TOTAL € 1.50 BILLION , UP 40 PERCENT FROM A YEAR EARLIER ▪ EBITDA TRIPLES YEAR OVER YEAR TO REACH € 327 MILLION , DUE TO SIGNIFICANTLY HIGHER VOLUMES AND BETTER PRICES ■ NET INCOME FOR Q2 2021 COMES IN AT € 179 MILLION ■ AT € 208 MILLION , NET CASH FLOW IS 52 PERCENT HIGHER YEAR OVER YEAR ▪ FULL - YEAR FORECAST FOR 2021 CONFIRMED : WACKER EXPECTS TO POST GROUP SALES OF AROUND € 5.5 BILLION AND EBITDA OF BETWEEN € 900 MILLION AND € 1.1 BILLION Munich , Aug 05 , 2021 Wacker Chemie AG closed Q2 2021 with significant increases in both sales and earnings . The Munich - based chemical company generated sales of € 1,501.0 million in the reporting quarter ( Q2 2020 : € 1,072.4 million ) , a year - over - year increase of 40 percent . Relative to the preceding quarter ( € 1,359.6 million ) , sales were up 10 percent . Strong customer demand was the main reason for this substantial increase . Whereas the coronavirus pandemic had considerably slowed WACKER's business in Q2 2020 , volumes in nearly all product segments grew substantially during the reporting quarter . Positive product- mix effects and improved prices - especially for solar - grade polysilicon , but also for many products of the chemical divisions - also contributed to the increase in sales . Exchange- rate effects dampened sales somewhat .