Wacker Chemie cuts guidance amid economic uncertainty
"There are no signs of a recovery so far," said Chief Executive Christian Hartel in a statement.
The company expects sales to come in between 5.5 and 5.9 billion euros ($6.41 billion and $6.87 billion), down from previous guidance of between 6.1 and 6.4 billion euros.
In a separate statement, the company posted revenue for the second quarter of 1.41 billion euros, in line with expectations in a company provided poll compiled by Vara research.
Its shares were down 1% at 1225 GMT in the wake of the announcement.
($1 = 0.8586 euros)
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