WACKER Communicates Closely with Capital Markets

Key elements of the corporate strategy include achieving sustainable growth, innovative strength and reducing capital intensity across all segments. These priorities are reinforced through continuous and open communication with institutional and private investors and with analysts. We answered questions from capital-market participants in many talks at conferences and numerous self-organized and broker-supported roadshows. During the year, discussions centered around questions about the market balance in upstream silicone business and the continued absence of a price recovery for solar silicon.

In 2019, the number of analysts covering WACKER declined slightly to 19 (2018: 20). During the year, analysts’ consensus price target for WACKER stock fell. At the beginning of the year, the average price target for WACKER stock was €99 (20 estimates, February 2019). At year-end, however, analysts set their fair-value price target at €73 on average (20 estimates), roughly one-quarter lower than at the start of the year.

On our website, we regularly report consensus analyst expectations for the current year. Moreover, our website offers extensive information on WACKER stock. In addition to the annual report, other financial reports, a Fact Book, presentations and publications (viewable online or downloadable), our website lists all our key financial-calendar dates and contact persons for your questions. Videos of our annual press conference and other events are also available for online viewing, or as an audio stream.

Silicones

General term used to describe compounds of organic molecules and silicon. According to their areas of application, silicones can be classified as fluids, resins or rubber grades. Silicones are characterized by a myriad of outstanding properties. Typical areas of application include construction, the electrical and electronics industries, shipping and transportation, textiles and paper coatings.

Silicon

After oxygen, silicon is the most common element in the earth’s crust. In nature, it occurs without exception in the form of compounds, chiefly silicon dioxide and silicates. Silicon is obtained through energy-intensive reaction of quartz sand with carbon and is the most important raw material in the electronics industry.