WACKER POLYSILICON

Sales at WACKER POLYSILICON climbed by 3 percent in 2016, to €1.1 billion (2015: €1.06 billion). The rise was due to substantial volume growth, despite average solar-silicon prices being lower. Asia retained its position as the key sales region in the reporting year.

At €285.9 million, EBITDA was clearly below the year-earlier level (2015: €402.4 million). The decline was basically caused by lower average prices, by start-up costs at the new production site at Charleston, Tennessee (USA), and by a substantial reduction in special income from advance payments retained and damages received from customers. The EBITDA margin was 26.1 percent (2015: 37.8 percent).

In 2016, investments at WACKER POLYSILICON decreased significantly on completion of the production facilities at Charleston. Capital spending fell 77.6 percent to €130.0 million (2015: €581.8 million). The number of employees rose to 2,490 (Dec. 31, 2015: 2,373).

Key Data: WACKER POLYSILICON

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€ million

 

2016

 

2015

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

1,095.5

 

1,063.6

 

1,049.1

 

924.2

 

1,135.8

EBITDA

 

285.9

 

402.4

 

537.0

 

233.9

 

427.5

EBITDA margin (%)

 

26.1

 

37.8

 

51.2

 

25.3

 

37.6

EBIT

 

-117.1

 

162.6

 

305.3

 

0.1

 

200.8

Investments

 

130.0

 

581.8

 

334.5

 

290.0

 

698.1

Employees (December 31, number)

 

2,490

 

2,373

 

2,093

 

2,102

 

2,349