Wacker Chemie AG (WKCMF) Q3 2024 Earnings Call Transcript

Wacker Chemie AG (OTC:WKCMF) Q3 2024 Earnings Conference Call October 28, 2024 11:00 AM ET

Company Participants

Joerg Hoffmann – Head of Investor Relations
Christian Hartel – President and Chief Executive Officer
Tobias Ohler – Chief Financial Officer

Conference Call Participants

Thomas Wrigglesworth – Morgan Stanley
Matthew Yates – Bank of America
Andreas Heine – Stifel Financial Corp.
Sean McLoughlin – HSBC
Chetan Udeshi – JPMorgan Chase & Co.
Konstantin Wiechert – Baader Helvea AG
Jaideep Pandya – On Field Investment Research LLP
Sebastian Bray – Berenberg

Operator

Ladies and gentlemen, welcome to the Wacker Chemie AG Conference Call Q3 2024. I am Alice, the chorus call operator. I would like to remind you that all participants will be in listen-only and the conference is being recorded. The presentation will be followed by Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it’s my pleasure to hand over to Joerg Hoffmann, Head of Investor Relations. Please go ahead.

Joerg Hoffmann

Thank you, operator. Welcome to the Wacker Chemie AG conference call on the 2024 third quarter results. Dr. Christian Hartel, our CEO; and Dr. Tobias Ohler, our CFO, will take you through our prepared slides momentarily. Press release, our IR presentation, and detailed financial tables are available on our webpage under the caption, Invest Relations.

Please note that management comments during this call include forward-looking statements involving risks and uncertainties. We encourage you to review the safe harbor statement in today’s press release, the presentation, and the 2023 annual report regarding risk factors. All documents mentioned are available on our website. Chris?

Christian Hartel

Welcome everyone. WACKER is performing well in challenging markets. Despite considerable headwinds, we achieved a strong result in our specialty business and earnings in Chemicals are clearly higher than last year, but

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