WACKER Communicates Closely with Capital Markets

Key elements of corporate strategy include sustainable growth, innovative strength, and lower capital intensity across all segments. These priorities are reinforced through continuous and open communication with institutional and private investors and with analysts. During our many talks, we answered questions from capital-market participants. The latest communication and virtual conferencing technologies enabled us to maintain and even intensify our contacts with investors despite the pandemic and associated travel restrictions. We organized two virtual Capital Market Days in 2020, both of which met with great interest from our investors. Discussions during the year centered on questions about the pandemic’s business implications and about the sustainability of the price recovery in solar-grade in the second half-year. Investors responded particularly positively to news about the good third-quarter performance and the plans to divest our remaining stake in Siltronic AG. BIOSOLUTIONS’ biopharmaceutical activities attracted investor interest after WACKER announced in late November that it was building up capacity to produce CureVac’s mRNA-based Covid-19 vaccine at the Wacker Biotech site in Amsterdam.

In 2020, the number of analysts covering WACKER increased slightly to 20 (2019: 19). During the year, analysts’ consensus price target for WACKER stock rose markedly. At the beginning of the year, the average price target for WACKER stock was €73 (20 estimates, February 2020). At year-end, analysts set their fair-value price target at €108 on average (18 estimates), roughly 48 percent higher 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.

Hyperpure polycrystalline silicon from WACKER POLYSILICON is used for manufacturing wafers for the electronics and solar industries. To produce it, metallurgical-grade silicon is converted into liquid trichlorosilane, highly distilled and deposited in hyperpure form at 1,000 °C.

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