WACKER SILICONES

In 2017, WACKER SILICONES posted substantial sales growth. Climbing 9.9 percent, sales reached €2.20 billion (2016: €2.00 billion). The rise was prompted by volume gains and somewhat higher prices. WACKER SILICONES lifted its sales markedly across all of its operational sectors. The uptrend was especially high for sales of specialty products. As for volumes, performance was particularly good for used in the automotive industry, in general industrial applications, in the textile industry and medical applications, and in construction sealants and adhesives. Our silicone rubber business was also strong. Regionally, WACKER SILICONES generated higher sales across all of its three regions: Europe, the Americas and Asia. Europe and Asia recorded the strongest sales growth.

growth outpaced sales gains year over year, rising by 23.2 percent to €444.9 million (2016: €361.2 million). This trend was driven by strong volume growth, by somewhat higher prices in several product groups, by high plant utilization and by good cost efficiency. The EBITDA margin was 20.2 percent, markedly higher than a year earlier (2016: 18.1 percent).

Capital expenditures climbed by 61.2 percent versus the year before, to €142.8 million (2016: €88.6 million). Investment spending focused on construction of a new plant at the Charleston (USA) plant and a new plant for silicone sealants and specialty silicones at Jincheon (South Korea). As of December 31, 2017, the division had 4,737 employees (Dec. 31, 2016: 4,566).

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Key Data: WACKER SILICONES

 

 

 

 

 

€ million

 

20171

 

20161

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

1

Costs from selling expenses reclassified to R&D expenses as of 2016

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

2,200.2

 

2,001.1

 

1,943.3

 

1,733.6

 

1,672.2

EBITDA

 

444.9

 

361.2

 

276.2

 

209.8

 

230.2

EBITDA margin (%)

 

20.2

 

18.1

 

14.2

 

12.1

 

13.8

EBIT

 

362.2

 

280.8

 

194.5

 

128.9

 

151.1

Capital expenditures

 

142.8

 

88.6

 

82.0

 

88.5

 

85.4

R&D expenses

 

58.6

 

53.7

 

35.8

 

39.5

 

34.6

Employees (December 31, number)

 

4,737

 

4,566

 

4,353

 

4,240

 

4,109

 

 

 

 

 

 

 

 

 

 

 

Silicones
General term used to describe compounds of organic molecules and silicon. According to their areas of application, silicones can be classified as fluids, resins or rubber grades. Silicones are characterized by a myriad of outstanding properties. Typical areas of application include construction, the electrical and electronics industries, shipping and transportation, textiles and paper coatings.
EBITDA
Earnings before interest, taxes, depreciation and amortization.
Silica, Pyrogenic
White, synthetic, amorphous silicon dioxide (SiO2) in powder form, made by flame hydrolysis of silicon compounds. Variously used as an additive for silicone rubber grades, sealants, surface coatings, pharmaceuticals and cosmetics.