Wacker Chemie AG - Annual Report 2012

WACKER at a Glance

€ million

2012

2011

Change in %

¹	EBITDA is EBIT before depreciation and amortization.
²	Margins are calculated based on sales.
³	EBIT is the result from continuing operations for the period before interest and other financial results, and income taxes.
⁴	Sum of cash and cash equivalents, noncurrent and current securities, and noncurrent and current financial liabilities.
⁵	Sum of cash flow from operating activities (excluding changes in advance payments received) and cash flow from noncurrent investment activities (before securities), including additions due to finance leases.

Results/Return

Sales

4,634.9

4,909.7

-5.6

EBITDA¹

786.8

1,104.2

-28.7

EBITDA margin² (%)

17.0

22.5

–

EBIT³

258.0

603.2

-57.2

EBIT margin² (%)

5.6

12.3

–

Financial result

-64.8

-35.8

81.0

Income before taxes

193.2

567.4

-65.9

Net income for the year

106.8

356.1

-70.0

Earnings per share (basic/diluted) (€)

2.27

7.10

-68.0

ROCE (%)

5.2

13.9

–

Financial Position/Cash Flows

Total assets

6,329.9

6,237.0

1.5

Equity

2,617.8

2,629.7

-0.5

Equity ratio (%)

41.4

42.2

–

Financial liabilities

1,197.2

777.9

53.9

Net financial liabilities/net financial receivables⁴

-700.5

95.7

n.a.

Capital expenditures (including financial assets)

1,095.4

981.2

11.6

Depreciation (including financial assets)

528.8

501.0

5.5

Net cash flow⁵

-536.2

-157.4

>100

Research and Development

Research and development expenses

174.5

172.9

0.9

Employees

Personnel expenses

1,205.3

1,282.5

-6.0

Employees (December 31, number)

16,292

17,168

-5.1

Vision

WACKER, as an innovative chemical company, makes a vital contribution to improving the quality of life around the world.

In the future, we want to continue developing and supplying solutions that meet our rigorous demands – creating added value for our customers and shareholders, and growing sustainably.