Sales Well Above Prior-Year Figure

Siltronic achieved substantially higher sales in 2014 than in the previous year. Sales rose 14.9 percent to € 853.4 million (2013: € 743.0 million). This growth was mainly due to the first-time consolidation of Siltronic Silicon Wafer Pte. Ltd. in Q1 2014. The sales trend would have been even better had it not been for lower prices and slightly negative exchange-rate effects. Volumes were higher across all wafer diameters, especially 300 mm silicon wafers. As previously, the strongest region is Asia, where we succeeded in growing our sales by 25.6 percent.

EBITDA improved compared with the previous year, climbing to € 114.0 million (2013: € 26.5 million). The EBITDA trend was supported by the first-time consolidation of Siltronic Silicon Wafer Pte. Ltd., by measures to further reduce production-process costs and by high capacity-utilization levels. Negative price effects weighed on EBITDA. The EBITDA margin was 13.4 percent (2013: 3.6 percent) and was thus significantly higher than a year earlier.

Higher Year-on-Year Investments

Investments at Siltronic increased in 2014 to € 40.7 million (2013: € 30.9 million), up 31.7 percent on the prior-year period. The funds flowed chiefly into enhanced technologies. In late January 2014, Siltronic raised its stake in Siltronic Silicon Wafer Pte. Ltd. to 78 percent as part of a capital increase. With the acquisition, the company’s external financial liabilities were paid off.

Due to the consolidation of Siltronic Silicon Wafer Pte. Ltd., the number of employees at Siltronic rose significantly. As of December 31, 2014, the division had 4,165 employees (Dec. 31, 2013: 3,746).

Key Data: SILTRONIC