Annual Report 2023

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Creating tomorrow’s solutions

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).

Key Data: WACKER POLYSILICON

 

 

 

 

 

€ million

 

2023

 

2022

 

2021

 

2020

 

2019

 

 

 

 

 

 

 

 

 

 

 

Total sales

 

1,599.3

 

2,287.2

 

1,529.8

 

792.2

 

780.0

EBITDA

 

320.6

 

825.7

 

656.7

 

4.7

 

56.9

EBITDA margin (%)

 

20.0

 

36.1

 

42.9

 

0.6

 

7.3

EBIT

 

203.3

 

705.3

 

528.9

 

-147.8

 

-1,012.9

Capital expenditures

 

165.1

 

91.9

 

30.6

 

24.9

 

35.3

R&D expenses

 

33.5

 

27.0

 

21.3

 

21.3

 

30.0

Employees (December 31, number)

 

2,322

 

2,283

 

2,219

 

2,180

 

2,333