WACKER Shareholders Approve All AGM Resolutions Amid Market Volatility
ECONOMY & POLICY

WACKER Shareholders Approve All AGM Resolutions Amid Market Volatility

Wacker Chemie AG shareholders approved all agenda proposals by a large majority at the company’s 20th Annual Shareholders’ Meeting held online, including the decision not to distribute a dividend for the 2025 financial year following losses incurred during the period.

The company said the move aligns with its dividend policy of distributing around 50% of net profit. More than 40.3 million shares, representing 77.31% of the company’s capital stock, were represented during the meeting.

Christian Hartel said the company remains focused on strengthening competitiveness through its “PACE” cost-savings and efficiency programme, launched in October 2025. He described the initiative as the largest efficiency programme in WACKER’s history and said it would help build a stronger economic foundation while supporting long-term growth aligned with the company’s strategic priorities.

Hartel also referred to the company’s revised 2026 outlook announced in mid-April following volatility in energy and commodity markets caused by tensions in the Middle East. WACKER has raised its full-year sales forecast from low single-digit growth to high single-digit growth, driven by its strategy of passing increased raw material and energy costs on to customers.

However, the company maintained its EBITDA guidance in the range of €550 million to €700 million due to ongoing market uncertainties and volatile order intake. Hartel noted that geopolitical tensions and structural challenges facing the chemical industry in Germany and Europe continue to create pressure on the sector.

He further called on policymakers in Berlin and Brussels to create competitive conditions for the chemical industry, highlighting concerns around energy prices, bureaucracy and regulatory burdens. According to Hartel, supportive policy frameworks are critical to ensuring the long-term competitiveness of the European chemical sector.

Wacker Chemie AG shareholders approved all agenda proposals by a large majority at the company’s 20th Annual Shareholders’ Meeting held online, including the decision not to distribute a dividend for the 2025 financial year following losses incurred during the period.The company said the move aligns with its dividend policy of distributing around 50% of net profit. More than 40.3 million shares, representing 77.31% of the company’s capital stock, were represented during the meeting.Christian Hartel said the company remains focused on strengthening competitiveness through its “PACE” cost-savings and efficiency programme, launched in October 2025. He described the initiative as the largest efficiency programme in WACKER’s history and said it would help build a stronger economic foundation while supporting long-term growth aligned with the company’s strategic priorities.Hartel also referred to the company’s revised 2026 outlook announced in mid-April following volatility in energy and commodity markets caused by tensions in the Middle East. WACKER has raised its full-year sales forecast from low single-digit growth to high single-digit growth, driven by its strategy of passing increased raw material and energy costs on to customers.However, the company maintained its EBITDA guidance in the range of €550 million to €700 million due to ongoing market uncertainties and volatile order intake. Hartel noted that geopolitical tensions and structural challenges facing the chemical industry in Germany and Europe continue to create pressure on the sector.He further called on policymakers in Berlin and Brussels to create competitive conditions for the chemical industry, highlighting concerns around energy prices, bureaucracy and regulatory burdens. According to Hartel, supportive policy frameworks are critical to ensuring the long-term competitiveness of the European chemical sector.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code