For 2010, we anticipate that the world economy will continue the recovery begun in 2009, though at a low level, and forecast sales-volume gains at all our divisions. Regionally, the main growth driver will be Asia again, especially China.
From today’s viewpoint, we predict that Group sales will return to year-over-year growth and we will post a clearly positive net result in 2010, following the negative net result of 2009. As was the case in prior years, polysilicon-capacity expansion will remain the main focus of our investments. WACKER continues to enjoy a solid financial footing, and long-term financing was secured early on. Provided that the global economic recovery is long term and sustainable, we expect further sales and earnings gains in 2011.
This forecast takes account of all events known during our balance-sheet preparations that could influence our business development in 2010 and thereafter.