Last year, the average daily trading volume for WACKER stock was some 230,000 shares (XETRA) – a marked increase against the 2007 figure of around 200,000 shares (XETRA). The number of analysts regularly monitoring and assessing the company grew significantly. At the beginning of 2008, 23 analysts covered WACKER. By the end of the year, there were 29. During the fiscal year, the analysts consensus price target fell substantially, reflecting the general trend. Whereas the average Q1 estimate had WACKER’s share price at €160.62 (11 estimates)1, the fair-value price target was down to €118.71 (19 estimates)1 by year-end.
1 Consensus figures: VARA
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The following banks and investment firms monitor and assess WACKER: | |
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B. Metzler seel. Sohn & Co. |
HSBC Trinkaus |
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Bankhaus Lampe |
JP Morgan |
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Bayerische Landesbank |
Kepler Capital Markets |
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BHF-Bank |
Landesbank Baden-Württemberg |
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CA Cheuvreux |
MainFirst Bank |
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Citigroup |
M.M. Warburg & Co |
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Commerzbank |
Merrill Lynch |
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Credit Suisse |
Morgan Stanley |
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Deutsche Bank |
Norddeutsche Landesbank Girozentrale |
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Dresdner Kleinwort |
Soleil Securities |
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DZ Bank |
Sal. Oppenheim |
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equinet |
UBS |
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Exane BNP Paribas |
UniCredit |
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fairesearch GmbH & Co. |
WestLB |
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Friedman, Billings, Ramsey & Co |
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On our website, we regularly report on the consensus of analysts’ expectations for the current year. Moreover, our website offers extensive information on WACKER stock. In addition to financial reports, presentations and publications (viewable online or downloadable), you’ll find all our key financial-market data, as well as contact information. You can also view videos of our annual press conference, analysts’ conference and other events or listen to an audio stream. With the publication of our 2008 Annual Report, we have enhanced the service offered to analysts and investors. Our new easy-to-navigate online version of the report facilitates information access. Interactive options – such as key-indicator comparisons and a toolbox – enable readers to work with the figures. www.wacker.com
Our New Online Annual Report Improves the Service We Offer to Shareholders
Sharp Drop in Market Capitalization and MDAX/GEX Weightings (as per December 30, 2008)
The performance of WACKER stock reduced its market capitalization to €3.7 billion by year-end (total stock without treasury shares). WACKER’s MDAX market capitalization is €1.30 billion and determined exclusively according to the free float, including treasury shares. Thus, WACKER had an MDAX weighting of 3.04% and ranked seventh among the 50 companies listed there. WACKER’s GEX weighting was 9.66%. Deutsche Börse’s GEX midcap index (introduced in January 2005) comprises owner-dominated companies listed on the Frankfurt Stock Exchange (Prime Standard) for no more than ten years. In 2008, WACKER ranked third in that index, after heading it a year earlier.