Letter to Our Shareholders Fiscal 2014 was a good year for WACKER. We achieved a substantial increase in sales and earnings before interest, taxes, depreciation and amortization (EBITDA) in our centennial year, thanks to higher volumes at all our divisions and improved polysilicon prices. Europe Material Loop Creates Value We Don’t Just Deliver Silicones –We Deliver Reliability Growing through Our Own Resources Market-Oriented Research Services Key Figures Comparison Download Manager iPad App Locations