WACKER POLYMERS

Sales at WACKER POLYMERS grew by 2.6 percent in 2019, reaching €1.32 billion (2018: €1.28 billion). This increase was fueled by higher volumes for and , and by positive exchange-rate effects.

WACKER POLYMERS strengthened its sales in Europe, the Americas and Asia, with the biggest percentage gain in Asia. In particular, applications for the construction industry performed well.

came in at €194.2 million, up 31.5 percent year over year (2018: €147.7 million). The rise was prompted by higher sales and by raw-material prices that were lower than a year earlier. The EBITDA margin was 14.8 percent (2018: 11.5 percent).

Capital expenditures declined somewhat versus the year before. They amounted to €62.4 million (2018: €71.0 million). Investments went toward capacity expansion at Nanjing (China) and Ulsan (South Korea). In September 2019, WACKER POLYMERS opened a new spray dryer for dispersions at Ulsan. The new facility has an annual production capacity of 80,000 metric tons. As of December 31, 2019, the number of employees increased to 1,630 (Dec. 31, 2018: 1,600).

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Key Data: WACKER POLYMERS

 

  

 

  

 

€ million

  

2019

  

2018

  

2017

  

20161

  

2015

1

Reclassification of costs from selling expenses to R&D expenses starting in 2016

 

  

 

  

 

  

 

  

 

  

 

Total sales

  

1,315.1

  

1,282.2

  

1,245.1

  

1,194.8

  

1,185.5

EBITDA

  

194.2

  

147.7

  

205.6

  

261.0

  

222.2

EBITDA margin (%)

  

14.8

  

11.5

  

16.5

  

21.8

  

18.7

EBIT

  

153.7

  

108.0

  

168.1

  

223.7

  

184.4

Capital expenditures

  

62.4

  

71.0

  

48.1

  

37.5

  

47.4

R&D expenses

  

33.9

  

30.0

  

29.3

  

30.3

  

14.8

Employees (December 31, number)

  

1,630

  

1,600

  

1,539

  

1,484

  

1,461
Dispersions
Binary system in which one solid component is finely dispersed in another. VINNAPAS® dispersions are vinyl-acetate-based copolymers and terpolymers in liquid form. They are mainly used as binders in the construction industry, e.g. for grouts, plasters and primers.
Dispersible Polymer Powders
Created by drying dispersions in spray or disc dryers. VINNAPAS® polymer powders are recommended as binders in the construction industry, e.g. for tile adhesives, self-leveling compounds and repair mortars. They improve adhesion, cohesion, flexibility and flexural strength as well as water-retention and processing properties.
Polymer
A polymer is a large molecule made up of smaller molecular units (monomers). It contains between 10,000 and 100,000 monomers. Polymers can be long or ball-shaped.
EBITDA
Earnings before interest, taxes, depreciation and amortization.

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