The chemical company now sees its 2014 earnings before interest, taxes, depreciation and amortisation (Ebitda) at least one-third higher than last year’s €678.7m ($914m).
Before the guidance upgrade, Wacker had expected Ebitda to surpass its 2013 value by at least 10%.
In addition to benefiting from strong polysilicon and internal cost reductions, Wacker also expects to profit from special income from its polysilicon activities in the third quarter from terminating or restructuring contracts with solar sector customers.
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