Net Assets

WACKER’s total assets were 5.8 percent lower compared with December 31, 2022. Down by €547.0 billion, they amounted to €8.85 billion as of December 31, 2023 (Dec. 31, 2022: €9.40 billion). The biggest changes concerned the Group’s noncurrent intangible and tangible assets, inventories and cash and cash equivalents. On the equity and liabilities side, provisions for pensions increased due to lower discount rates. Equity fell considerably due to the dividend payout by Wacker Chemie AG.

On May 5, 2023, WACKER signed a share purchase agreement to acquire ADL BioPharma S.L.U, León, Spain. This transaction increased intangible assets and property, plant and equipment by €154.2 million.

Asset and Capital Structure