WACKER POLYMERS
In 2023, sales at WACKER POLYMERS decreased by 20.9 percent to €1.58 billion (2022: €2.00 billion). The drop was caused by weaker volumes and prices and by exchange-rate effects. All three regions – the Americas, Asia and Europe – posted sales declines.
EBITDA amounted to €253.1 million (2022: €288.7 million), which was 12.3 percent lower than a year earlier. The main reason was a significant year-over-year decline in selling prices and volumes. Lower raw-material prices, on the other hand, benefited the division’s operating result. The EBITDA margin was 16.0 percent (2022: 14.5 percent).
In 2023, capital expenditures at WACKER POLYMERS totaled €74.1 million (2022: €107.3 million). Some of the funds went toward constructing a new spray dryer for dispersions at the Nanjing, China site. This site’s capacity expansion, which also included a new dispersion reactor, was successfully concluded in May 2023. Production capacity here more than doubled as a result. As of December 31, 2023, the number of employees at the division was 1,622 (Dec. 31, 2022: 1,603).
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€ million |
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2023 |
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2022 |
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2021 |
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2020 |
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2019 |
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Total sales |
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1,579.8 |
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1,996.2 |
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1,673.6 |
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1,298.5 |
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1,315.1 |
EBITDA |
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253.1 |
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288.7 |
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252.6 |
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270.5 |
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194.2 |
EBITDA margin (%) |
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16.0 |
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14.5 |
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15.1 |
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20.8 |
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14.8 |
EBIT |
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203.0 |
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238.3 |
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198.7 |
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229.3 |
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153.7 |
Capital expenditures |
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74.1 |
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107.3 |
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100.1 |
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35.6 |
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62.4 |
R&D expenses |
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34.3 |
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35.2 |
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35.1 |
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32.2 |
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33.9 |
Employees (December 31, number) |
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1,622 |
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1,603 |
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1,595 |
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1,540 |
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1,630 |
