Wacker Chemie stock rises 1.40 percent as returns plan takes shape

Published on 10/06/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wacker Chemie targets an EBITDA margin of 13 to 17 percent after its September strategy reset. Q2 EBITDA reached EUR 211 million, with Q3 results set for October 28.

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Wacker Chemie stock (ISIN DE000WCH8881) was trading at EUR 90.30 on Xetra on October 6, 2026, up 1.40 percent from EUR 89.05. The latest strategic signal came from the company's September 17 capital markets day, where MarketScreener reported a more selective investment plan and higher long-term return ambitions.

Returns targets move higher

Wacker Chemie is targeting an operating return on sales measured by EBITDA margin of 13 percent to 17 percent. MarketScreener reported that this would represent 50 percent more than the average margin achieved during the previous three years.

The investment budget is also being tightened. The company plans annual spending of EUR 300 million to EUR 400 million, compared with EUR 466 million in the previous year, while its efficiency program includes 1,600 planned job cuts and EUR 300 million in savings, according to MarketScreener.

Q2 profit sets the comparison

Wacker generated EBITDA of EUR 211 million in Q2 2026, and management projected Q3 EBITDA at the same level. Full-year EBITDA guidance stood at EUR 625 million to EUR 750 million, while the chemicals business was developing slightly better than in Q2 and solar polysilicon remained challenging, MarketScreener reported.

The next operating checkpoint is the Q3 2026 report scheduled for October 28, 2026. That date places the EUR 625 million to EUR 750 million annual EBITDA range against a concrete quarterly test rather than a purely long-term restructuring narrative.

Consensus leaves limited headroom

Analyst consensus published by MarketScreener is HOLD from 12 analysts, with an average price target of EUR 91.55 and a published spread of 3.56 percent. Jefferies separately kept a Hold rating and a EUR 93 price target on September 17, while pointing to third-quarter operating earnings above market expectations, according to MarketScreener.

For investors, the key tension is visible in the operating mix: specialty chemicals are improving incrementally, while solar polysilicon remains under pressure. The strategy therefore depends on converting capital discipline and electronics exposure into the targeted 13 percent to 17 percent EBITDA margin.

Wacker Chemie stock trades above EUR 90

Wacker Chemie stock was last at EUR 90.30 on Xetra on October 6, 2026, with a session range of EUR 88.70 to EUR 91.05 and a market capitalization of EUR 4.5 billion. The 1.40 percent advance keeps the stock below its 52-week high of EUR 105.60 while remaining above its 52-week low of EUR 62.25.