Annual Report 2021

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Creating tomorrow’s solutions

Overall Statement by the Executive Board on Underlying Conditions

The coronavirus pandemic had a major impact on the global economy again in 2021. Because effective vaccines were approved and administered, it was possible to avoid lengthy lockdowns. The global economy recovered, though not as strongly as economists had expected. Growth was slowed by procurement difficulties at all steps of the supply chain, logistics bottlenecks and sharply rising prices, especially for raw materials and energy.

Amid these challenging market conditions, WACKER’s business in all divisions developed exceedingly well. The chemical business grew substantially year over year in terms of sales and also EBITDA. Strong volume growth and better prices were the primary reasons for this trend. Only WACKER POLYMERS posted EBITDA that was slightly below the prior-year level, due to steep increases in raw material prices. WACKER POLYSILICON reported particularly strong growth in both sales and EBITDA. Sales nearly doubled and EBITDA showed an even greater increase due to strong demand from the semiconductor industry and to markedly higher prices for our high-quality solar-grade silicon.

Sales grew significantly in all of WACKER’s three main regions. Growth was particularly strong in Asia, where sales grew by 56 percent to €2.64 billion. Sales in Europe increased by 23 percent and in the Americas by 8 percent.

Earnings before interest, taxes, depreciation and amortization.
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.
Hyperpure polycrystalline silicon from WACKER POLYSILICON is used for manufacturing wafers for the electronics and solar industries. To produce it, metallurgical-grade silicon is converted into liquid trichlorosilane, highly distilled and deposited in hyperpure form at 1,000 degrees Celsius.
After oxygen, silicon is the most common element in the Earth’s crust. In nature, it occurs without exception in the form of compounds, chiefly silicon dioxide and silicates. Silicon is obtained through energy-intensive reaction of quartz sand with carbon and is the most important raw material in the electronics industry.