WACKER POLYSILICON
WACKER POLYSILICON’s sales for 2023 fell by 30.1 percent to €1,599.3 million (2022: €2,287.2 million). This was due to lower prices and volumes. Relative to the prior year, the share of semiconductor-grade polysilicon in the portfolio grew further. Asia was once again the division’s key sales region in 2023.
EBITDA contracted by 61.2 percent to €320.6 million (2022: €825.7 million). The earnings decline primarily stemmed from the production-related decrease in both volumes and prices for solar-grade polysilicon. Ongoing high energy prices in Germany had a negative impact as well. The share of total volumes attributable to semiconductor-grade polysilicon grew further in 2023. The EBITDA margin was 20.0 percent (2022: 36.1 percent).
In 2023, WACKER POLYSILICON’s capital expenditures increased to €165.1 million (2022: €91.9 million). The focus in 2023 remained on semiconductor applications. The number of employees as of December 31, 2023, totaled 2,322 (December 31, 2022: 2,283).
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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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1,599.3 |
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2,287.2 |
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1,529.8 |
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792.2 |
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780.0 |
EBITDA |
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320.6 |
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825.7 |
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656.7 |
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4.7 |
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56.9 |
EBITDA margin (%) |
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20.0 |
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36.1 |
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42.9 |
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0.6 |
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7.3 |
EBIT |
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203.3 |
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705.3 |
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528.9 |
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-147.8 |
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-1,012.9 |
Capital expenditures |
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165.1 |
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91.9 |
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30.6 |
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24.9 |
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35.3 |
R&D expenses |
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33.5 |
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27.0 |
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21.3 |
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21.3 |
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30.0 |
Employees (December 31, number) |
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2,322 |
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2,283 |
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2,219 |
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2,180 |
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2,333 |