WACKER’s total assets were 15.6 percent higher compared with December 31, 2021. Climbing by €1.27 billion, they amounted to €9.40 billion as of December 31, 2022 (Dec. 31, 2021: €8.13 billion). The biggest changes concerned the Group’s noncurrent intangible and tangible assets and its inventories. Due to high sales volumes and increased raw-material prices, WACKER recognized inventories of €1.66 billion as of December 31, 2022. On the equity and liabilities side, provisions for pensions decreased due to higher discount rates. Equity rose substantially, due to the Group’s high net income for the year and to the reduction in actuarial losses on provisions for pensions recognized in equity.
On May 1, 2022, WACKER signed a share purchase agreement to acquire SICO Performance Material (Shandong) Co., Ltd., China. The assets acquired through this transaction increased intangible assets and property, plant and equipment by €219.7 million.