In 2008, WACKER stock was clearly not immune to the broad downtrend impacting stock exchanges. Following 2007’s 100% gain, which made WACKER one of Germany’s top capital-market performers, our share price fell last year. The decline was triggered by the international financial crisis, which spread to the real economy in the second half of 2008. Share prices, including WACKER’s, visibly suffered from the impact. After averaging €142.42 in Q1, WACKER stock lost ground as the year progressed, finishing at €74.71 on December 31, 2008. The MDAX fell 43% and the DAX 40% over the same period.