WACKER POLYMERS
WACKER POLYMERS’ sales were markedly higher in 2021, rising 28.9 percent to €1.67 billion (2020: €1.30 billion). Higher volumes, significantly higher prices and product-mix effects were the key growth drivers. Exchange-rate effects dampened sales growth slightly. Dispersible polymer powders performed especially well and sales of VAE dispersions also grew. WACKER POLYMERS’ sales increased in Asia, Europe and the Americas.
At €252.6 million, (2020: €270.5 million), EBITDA was only slightly below the 2020 level. The prior-year level was almost reached because sharp increases in raw-material prices were met with significantly higher product prices. The EBITDA margin was 15.1 percent (2020: 20.8 percent).
Capital expenditures increased significantly versus the prior year, coming in at €100.1 million (2020: €35.6 million). The main focus was on capacity expansion at the Nanjing site in China. The number of employees as of December 31, 2021, was higher at 1,595 (Dec. 31, 2020: 1,540 ).
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€ million |
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2021 |
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2020 |
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2019 |
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2018 |
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2017 |
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Total sales |
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1,673.6 |
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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 |
EBITDA |
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252.6 |
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270.5 |
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194.2 |
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147.7 |
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205.6 |
EBITDA margin (%) |
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15.1 |
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20.8 |
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14.8 |
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11.5 |
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16.5 |
EBIT |
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198.7 |
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229.3 |
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153.7 |
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108.0 |
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168.1 |
Capital expenditures |
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100.1 |
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35.6 |
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62.4 |
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71.0 |
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48.1 |
R&D expenses |
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35.1 |
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32.2 |
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33.9 |
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30.0 |
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29.3 |
Employees (December 31, number) |
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1,595 |
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1,540 |
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1,630 |
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1,600 |
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1,539 |
