Annual Report 2013

Key Construction-Sector Player

Info

Key Construction-Sector Player

Our VINNAPAS^® brand dispersible polymer powders are mainly used in construction applications. These powders are used wherever a combination of strong adhesive bonds and sufficient elasticity is needed: whether in renders, ETICS /EIFS systems, tile adhesives or self-leveling flooring compounds. Due to the high quality and tailored properties of our polymer powders, we are clearly the world leader in this market.

WACKER at a Glance

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€ million

2013

2012*

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) and cash flow from long-term investing activities (before securities), including additions due to finance leases.

^*	Adjusted for the effects of the adoption of IAS 19 (revised); see Changes in Accounting and Valuation Methods in the Notes section

Results / Return

Sales

4,478.9

4,634.9

-3.4

EBITDA¹

678.7

795.4

-14.7

EBITDA margin² (%)

15.2

17.2

n. a.

EBIT³

114.3

266.6

-57.1

EBIT margin² (%)

2.6

5.8

n. a.

Financial result

– 83.3

-62.7

32.9

Income before taxes

31.0

203.9

-84.8

Net income for the year

6.3

114.7

-94.5

Earnings per share (basic / diluted) (€)

0.05

2.43

-97.9

ROCE (%)

2.2

5.2

n. a.

Financial Position / Cash Flows

Total assets

6,332.4

6,492.8

-2.5

Equity

2,197.1

2,121.3

3.6

Equity ratio (%)

34.7

32.7

n. a.

Financial liabilities

1,416.7

1,197.2

18.3

Net financial debt⁴

792.2

700.5

13.1

Capital expenditures (including financial assets)

503.7

1,095.4

-54.0

Depreciation (including financial assets)

564.4

528.8

6.7

Net cash flow⁵

109.7

-536.2

n. a.

Research and Development

Research and development expenses

173.8

173.7

0.1

Employees

Personnel expenses

1,133.0

1,196.8

-5.3

Employees (December 31, number)

16,009

16,292

-1.7

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.