WACKER SILICONES
Sales at WACKER SILICONES rose substantially in 2021, coming in at €2.60 billion (2020: €2.24 billion). This year-over-year increase of 15.8 percent was attributable to volume growth, higher selling prices and product-mix effects. Exchange-rate effects, on the other hand, slowed sales slightly. In regional terms, WACKER SILICONES’ sales grew in the Americas, Asia and Europe.
EBITDA also increased significantly year over year, rising 42.6 percent to €552.9 million (2020: €387.8 million) due to higher volumes and prices. The EBITDA margin was 21.3 percent (2020: 17.3 percent).
Capital expenditures increased 47.8 percent year over year, coming in at €143.2 million (2020: €96.9 million). The funds were invested in new facilities for intermediates and downstream products. In 2021, an agreement was signed regarding the purchase of a 60-percent stake in specialty silane manufacturer SICO Performance Material Co., Ltd. The transaction has not yet closed. With this planned acquisition, WACKER SILICONES is strengthening its business in high-margin specialty silicones in China. As of December 31, 2021, the division had 5,211 employees (Dec. 31, 2020: 5,076 ).
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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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2,599.1 |
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2,244.0 |
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2,453.0 |
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2,499.6 |
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2,200.2 |
EBITDA |
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552.9 |
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387.8 |
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478.5 |
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616.6 |
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444.9 |
EBITDA margin (%) |
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21.3 |
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17.3 |
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19.5 |
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24.7 |
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20.2 |
EBIT |
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421.0 |
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276.8 |
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375.3 |
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536.7 |
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362.2 |
Capital expenditures |
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143.2 |
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96.9 |
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193.6 |
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222.7 |
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142.8 |
R&D expenses |
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64.7 |
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60.2 |
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65.0 |
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60.9 |
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58.6 |
Employees (December 31, number) |
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5,211 |
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5,076 |
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5,267 |
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5,114 |
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4,737 |
