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Wacker Chemical announces strong growth in polysilicon sales (Jiangxi New Materials Co., Ltd.)
Based on preliminary calculations, Wacker Chemicals reported total annual sales of 5.4 billion euros (2015: 5.3 billion euros), approximately 10% higher than in 2015. 2%.
The main reason for the growth in sales performance is the increase in sales. Each department’s sales in 2016 increased year-on-year.
According to preliminary data, the group’s EBITDA was 1.1 billion euros (2015: 1.05 billion euros). That was up 5% from last year, despite a sharp contraction in special revenue from advances.
These special income items amount to approximately 20 million euros (2015: 138 million euros). Adjusted for this effect, EBITDA grew 19% in the annual report. Group EBIT (earnings before interest and taxes) in 2016 was 365 million euros (2015: 473 million euros), a year-on-year decrease of 23%, reflecting a significant increase in depreciation. In 2016, depreciation amounted to approximately EUR 735 million (2015: EUR 575 million). WACKER’s preliminary net income was €190 million (2015: €242 million).
(Jiangxi New Materials Co., Ltd.)
Group CEO Rudolf Staudigl said: “Our chemicals business performed well in the fourth quarter and our semiconductor wafer and polysilicon sales grew well. Sales in all segments were significantly higher than a year ago due to good customer demand. Overall, this was our strongest end-of-quarter sales to date.” >
From October to December 2016, WACKER Polysilicon achieved total sales of 295 million euros (fourth quarter of 2015: 242 million euros). An increase of 22%. EBITDA increased by 20% compared with the same period last year. It amounted to €85 million in the fourth quarter of 2016 (Q4 2015: €71 million), including special income items of approximately €13 million (Q4 2015: €28 million).
