2024-07-26 15:41:04 ET
Wacker Chemie AG (WKCMF)
Q2 2024 Earnings Conference Call
July 26, 2024, 10:00 AM ET
Company Participants
Joerg Hoffmann - Head of IR
Christian Hartel - CEO
Tobias Ohler - CFO
Conference Call Participants
Rikin Patel - BNB
Andreas Heine - Stiefel
Chetan Udeshi - JPMorgan
Matthew Yates - Bank of America
Sean McLoughlin - HSBC
Wiechert Konstantin - Baader Helvea
Sebastian Satz - Citi
Sebastian Bray - Berenberg
Jaideep Pandya - On Field Research
Presentation
Operator
Ladies and gentlemen, welcome to the Wacker Chemie Conference Call Q2 2024. I am George, the Chorus Call operator. I would like to remind you that all participants will be in listen-only till 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 second quarter results. Dr. Christian Hartel, our CEO; and Dr. Tobias Ohler, our CFO, will take you through our prepared slides momentarily.
The press release, our IR presentation, and detailed financial tables are available on our webpage under the caption Investor Relations. Please note that management's 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 our 2023 annual report regarding risk factors. All documents mentioned are available on our website. Chris?
Christian Hartel
Welcome everyone.
Second quarter of 2024 saw a good result in chemicals and polysilicon and a successful cloud startup in Biosolutions. While overall market conditions remain challenging and some end markets, such as construction, stay weak, we see slowly improving conditions in a number of areas. It is still too early, to speak about a broad-based macroeconomic recovery.
The strength of order intake still fluctuates, and varies from region- to-region and application-to-application. On the last earnings call, we mentioned that order intake began to weaken at the start of April. This slowdown did not continue. Activity picked up in our Chemical segments, supporting a better than expected performance in silicones....
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Wacker Chemie AG (WKCMF) Q2 2024 Earnings Call Transcript