Wacker Chemie AG published its preliminary figures for Q2 2025. The company reported Group sales of €1.41 billion for the second quarter (Q2 2024: €1.47 billion).

EBITDA is reported to have totaled €114 million (Q2 2024: €155 million)1. These figures are in line with current average market expectations, which put Group sales at €1.45 billion and EBITDA at €119 million (source: Vara Research, July 16, 2025).

Wacker also revised its outlook for 2025 on the basis of current estimates. Its Group sales guidance is now in the range of €5.5 billion to €5.9 billion (previous guidance: €6.1 billion to €6.4 billion). Full-year EBITDA is now expected to reach between €500 million and €700 billion (previous guidance: €700 million to €900 million). The current average market expectations put Group sales at €5.8 billion and EBITDA at around €670 million (source: Vara Research, July 16, 2025). The company now expects to report a more or less balanced net cash flow (previous guidance: positive, substantially higher than in the previous year).

“The main reason behind our lower expectations is the ongoing macroeconomic and geopolitical uncertainty, which is resulting in weak demand among our customers in numerous segments. There are no signs of a recovery so far,” said Group President & CEO Christian Hartel. The adjustment is also prompted by the unfavorable development in EUR/USD exchange rates since the beginning of the second quarter and the expectation that the current exchange rate level will remain unchanged. As far as polysilicon is concerned, Wacker had also expected the trade policy related uncertainties in the US market for solar polysilicon to be resolved over the course of the year, allowing demand to recover. This development has so far not materialized.