WACKER POLYMERS
Sales at WACKER POLYMERS fell by a slight 1.3 percent in 2020, coming in at €1.30 billion (2019: €1.32 billion). Lower prices and negative exchange-rate effects dampened sales growth. While the division sold higher volumes of dispersible polymer powders, its volumes for dispersions decreased.
WACKER POLYMERS’ sales in Europe and Asia were on par with the prior year, while sales in the Americas fell. Polymer applications for the construction industry performed well in 2020.
EBITDA came in at €270.5 million, up 39.3 percent versus 2019 (€194.2 million). The rise was prompted by an improvement in the cost of goods sold and by raw-material prices that were lower than a year earlier. The EBITDA margin was 20.8 percent (2019: 14.8 percent).
Capital expenditures declined significantly versus the prior year, amounting to €35.6 million (2019: €62.4 million). These expenditures focused on capacity expansion at Nanjing (China) and on Germany. The number of employees as of December 31, 2020, was lower at 1,540 (Dec. 31, 2019: 1,630).
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€ million |
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2020 |
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2019 |
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2018 |
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2017 |
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2016 |
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Total sales |
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1,298.5 |
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1,315.1 |
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1,282.2 |
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1,245.1 |
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1,194.8 |
EBITDA |
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270.5 |
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194.2 |
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147.7 |
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205.6 |
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261.0 |
EBITDA margin (%) |
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20.8 |
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14.8 |
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11.5 |
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16.5 |
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21.8 |
EBIT |
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229.3 |
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153.7 |
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108.0 |
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168.1 |
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223.7 |
Capital expenditures |
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35.6 |
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62.4 |
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71.0 |
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48.1 |
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37.5 |
R&D expenses |
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32.2 |
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33.9 |
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30.0 |
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29.3 |
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30.3 |
Employees (December 31, number) |
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1,540 |
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1,630 |
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1,600 |
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1,539 |
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1,484 |