Sales at WACKER POLYSILICON climbed by 3 percent in 2016, to €1.1 billion (2015: €1.06 billion). The rise was due to substantial volume growth, despite average solar-silicon prices being lower. Asia retained its position as the key sales region in the reporting year.
At €285.9 million, EBITDA was clearly below the year-earlier level (2015: €402.4 million). The decline was basically caused by lower average prices, by start-up costs at the new production site at Charleston, Tennessee (USA), and by a substantial reduction in special income from advance payments retained and damages received from customers. The EBITDA margin was 26.1 percent (2015: 37.8 percent).
In 2016, investments at WACKER POLYSILICON decreased significantly on completion of the production facilities at Charleston. Capital spending fell 77.6 percent to €130.0 million (2015: €581.8 million). The number of employees rose to 2,490 (Dec. 31, 2015: 2,373).
Key Data: WACKER POLYSILICON
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€ million |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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Total sales |
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1,095.5 |
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1,063.6 |
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1,049.1 |
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924.2 |
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1,135.8 |
EBITDA |
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285.9 |
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402.4 |
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537.0 |
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233.9 |
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427.5 |
EBITDA margin (%) |
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26.1 |
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37.8 |
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51.2 |
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25.3 |
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37.6 |
EBIT |
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-117.1 |
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162.6 |
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305.3 |
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0.1 |
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200.8 |
Investments |
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130.0 |
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581.8 |
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334.5 |
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290.0 |
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698.1 |
Employees (December 31, number) |
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2,490 |
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2,373 |
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2,093 |
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2,102 |
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2,349 |
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