Wacker lowers full-year outlook as demand weakens

Munich, Germany – Wacker Chemie AG has lowered its full-year outlook due to ongoing macroeconomic and geopolitical uncertainty, which it says has resulted in weak demand in many segments.

The German group said the business environment has also been negatively affected by an unfavourable euro/US dollar development since the beginning of the second quarter, with the rate level expected to remain unchanged for the near future.

Group sales outlook for 2025 is now in the range of €5.5 billion to €5.9 billion, down from a previous guidance of €6.1 billion to €6.4 billion.

Full-year earnings (EBITDA) are now expected to reach between €500 million and €700 million, down from the previous estimate of €700 million to €900 million.

For its silicones division, the group said it expects full-year performance to be on a par with 2024, despite earlier forecasts of a 10% increase in sales and slightly higher margins.

Wacker’s silicones operations posted annual revenue of €2.8 billion and earnings of €345 million last year.

The preliminary figures for the second quarter of 2025 indicate a 1% year-on-year decrease in silicones division's sales to €713 million.

Meanwhile, earnings for the quarter are expected to come to €104 million, up from €90 million last year.

An insurance compensation had a low-double-digit-million-euro positive impact on earnings in the second quarter, according to Wacker.