Wacker reported excellent results, with annual sales expected to exceed 4.6 billion euros
Wacker chemical released its excellent results for the third quarter last week, and it is expected that this year's annual sales will exceed 4.6 billion euros, and the profit before interest, tax, depreciation and amortization (EBITDA) will exceed 1.1 billion euros on February 22, 2012
in the third quarter, the company's sales increased by 29% year-on-year to 1.27 billion euros; EBITDA increased to 340million euros, an increase of 85% year-on-year; Net profit increased to 156 million euros from 40 million euros in the same period last year; The profit per share increased to 3.13 euros from 0.68 euros in the same period last year. It is understood that the significant growth in profits came from the semiconductor, chemicals and polysilicon businesses: the EBITDA of its semiconductor business unit, Shichuang electronic materials, increased from -0.22 billion euros in the same period last year to 32 million euros, an increase of 76% month on month; The EBITDA of the three chemical departments was 123 million euros, compared with 116 million euros in the same period last year; The EBITDA of polysilicon sector increased by 120% compared with the same period last year, reaching 190million euros, an increase of about 9% month on month. By the end of September, the planned output of polysilicon in this year and next will be almost sold out, and sales contracts have been signed for most of the planned output in 2013, including the output of devices under construction in the nonglitz production base
Wacker achieved double-digit growth in business in major regions of the world in the third quarter. Asia consolidated its position as the largest sales market, with sales increasing by about 32% to 467million euros, of which sales in China accounted for about 60%; Business in Germany and other European countries also increased significantly, with sales in Germany increasing to 229 million euros, an increase of 27% year-on-year; In other European countries outside Germany, the industry is estimated to reach more than 205KG in 2025, with an increase of about 26% and sales of 320million euros; In the Americas, sales increased by 34% year-on-year to 218 million euros; In other regions, sales increased by 2% to 36 million euros
staudig, President and CEO of Wacker, said: "Wacker will set a new annual record after its excellent performance in the third quarter. This year's EBITDA is expected to be about 100million euros higher than the peak set in 2008. Even if the growth of customer demand slows down in the next few months, the market situation is still conducive to Wacker. I believe that wacker's sales will continue to grow next year."
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