Newsletter from Wiegand Glas about the energy market developments and their impact on costs

Dear partner,

We faced extraordinary challenges together in the past – particularly during the recent energy price crisis. All the more, we deeply appreciate our partnership and mutual understanding during that time.

We are currently once again confronted with a tense geopolitical situation. Developments surrounding the conflict in the Persian Gulf have been causing significant disruptions on the energy markets for several weeks. We are seeing significant price increases, particularly for fossil fuels such as oil, diesel and natural gas – both on the spot markets and on the futures markets. At the same time, electricity prices are also showing significantly increased volatility.

For us as an energy-intensive company, these developments have a direct impact on our cost structure. In addition to direct energy prices, the cost increases are increasingly affecting upstream stages of the value chain. We are observing significant price rises throughout the entire supply chain – particularly for petroleum-based intermediate products, such as shrink foils. Furthermore, freight rates are rising significantly in both inbound and outbound logistics.

The current situation on the European natural gas markets is further exacerbating the outlook: historically low storage levels and disrupted seasonal procurement patterns mean that no relief can be expected in the near term.

Against this background, we are receiving an increasing number of enquiries regarding the potential impacts on our pricing. We are continuously monitoring and analyzing developments very closely and are reviewing all available courses of action.

In order to continue to provide you with planning certainty, we have decided not to adjust our prices for existing business relationships until and including 10^th April 2026.

This excludes any changes to the terms of delivery (e.g. from EXW to DDP), provided these are requested by you.

However, we would like to point out that the ongoing pressures along the entire value chain may make future adjustments necessary.

We would like to express our sincere thanks for your understanding and for your continued trust and cooperation.

Kind regards

Nikolaus Wiegand         Karsten Fuchs

CEO                              CEO