WACKER SILICONES
Sales at WACKER SILICONES rose substantially in 2022, coming in at €3.45 billion (2021: €2.60 billion). This year-over-year increase of 32.8 percent was attributable to significantly higher selling prices as well as product-mix and exchange-rate effects. In regional terms, WACKER SILICONES’ sales grew in the Americas, Asia and Europe.
EBITDA, too, increased significantly year over year, reaching €876.4 million (2021: €552.9 million). This increase of 58.5 percent was due mainly to higher selling prices. In addition, the reversal of an impairment loss on an equity-accounted joint venture in China increased WACKER SILICONES’ EBITDA by €72.4 million. The EBITDA margin was 25.4 percent (2021: 21.3 percent).
Capital expenditures increased by 39.5 percent year over year, coming in at €199.8 million (2021: €143.2 million). The funds were invested in new facilities for intermediates and downstream products for liquid silicone rubber at the Adrian, Michigan site in the USA and at Burghausen, as well as for high-temperature vulcanizing solid silicone rubber at the Panagarh site in India. Other projects included expanding capacity at the Nünchritz site and at our subsidiary SICO Performance Material in Jining, China. As of December 31, 2022, the division had 6,019 employees (Dec. 31, 2021: 5,211 ).
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€ million |
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2022 |
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2021 |
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2020 |
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2019 |
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2018 |
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Total sales |
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3,452.9 |
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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 |
EBITDA |
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876.4 |
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552.9 |
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387.8 |
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478.5 |
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616.6 |
EBITDA margin (%) |
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25.4 |
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21.3 |
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17.3 |
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19.5 |
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24.7 |
EBIT |
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752.8 |
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421.0 |
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276.8 |
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375.3 |
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536.7 |
Capital expenditures |
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199.8 |
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143.2 |
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96.9 |
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193.6 |
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222.7 |
R&D expenses |
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70.9 |
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64.7 |
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60.2 |
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65.0 |
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60.9 |
Employees (December 31, number) |
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6,019 |
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5,211 |
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5,076 |
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5,267 |
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5,114 |
