Annual Report 2023

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Creating tomorrow’s solutions

For Our Shareholders — WACKER at a Glance

WACKER at a Glance 2023

To the key figures table

Sales

6.4

billion euros

2022: 8.2 billion euros

Sales by Region

  • Europe

    36%

  • Asia

    43%

  • The Americas

    16%

  • Other Regions

    5%

Sales by Business Division

  • SILICONES

    2,741 million euros

  • POLYMERS

    1,580 million euros

  • BIOSOLUTIONS

    337 million euros

  • POLYSILICON

    1,599 million euros

EBITDA

824

million euros

2022: 2,081 million euros

Employees

16,378

2022: 15,725

Capital Expenditures

710

million euros

2022: 547 million euros

Absolute Greenhouse Gas Emissions (Scopes 1 and 2)

in million metric tons

2.8

2023

3.2

2022

 

 

 

 

 

€ million

 

December 31, 2023

 

December 31, 2022

 

Change in %

 

 

 

 

 

 

 

Results/return

 

 

 

 

 

 

Sales

 

6,402.2

 

8,209.3

 

-22.0

EBITDA1

 

823.6

 

2,080.9

 

-60.4

EBITDA margin2 (%)

 

12.9

 

25.4

 

n.a.

EBIT3

 

404.9

 

1,678.8

 

-75.9

EBIT margin2 (%)

 

6.3

 

20.5

 

n.a.

 

 

 

 

 

 

 

Financial result

 

-17.9

 

-62.6

 

-71.4

Income before income taxes

 

387.0

 

1,616.2

 

-76.1

Net result for the year

 

327.3

 

1,281.6

 

-74.5

Earnings per share (basic/diluted) (€)

 

6.31

 

25.18

 

-74.9

ROCE (%)

 

6.9

 

34.7

 

-80.1

 

 

 

 

 

 

 

Financial position/cash flow

 

 

 

 

 

 

Total assets

 

8,854.4

 

9,401.4

 

-5.8

Equity

 

4,579.9

 

5,030.7

 

-9.0

Equity ratio (%)

 

51.7

 

53.5

 

n.a.

Liquidity4

 

1,421.9

 

1,956.2

 

-27.3

Financing liabilities

 

1,505.6

 

1,547.0

 

-2.7

Net financial debt/net financial assets5

 

-83.7

 

409.2

 

n.a.

Capital expenditures6

 

709.6

 

546.8

 

29.8

Depreciation/amortization

 

-418.7

 

-402.1

 

4.1

Net cash flow7

 

165.6

 

438.8

 

-62.3

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

Research and development expenses

 

184.1

 

178.4

 

3.2

 

 

 

 

 

 

 

Employees

 

 

 

 

 

 

Personnel expenses

 

1,479.6

 

1,595.0

 

-7.2

Employees (December 31, number)

 

16,378

 

15,725

 

4.2

1

EBITDA is EBIT before depreciation and amortization.

2

Margins are calculated based on sales.

3

EBIT is the result from continuing operations for the period before interest and other financial result, and income taxes.

4

Securities, fixed-term deposits, cash and cash equivalents

5

Sum of cash and cash equivalents, noncurrent and current securities, and noncurrent and current financial liabilities.

6

Intangible assets, property, plant and equipment, investment property, excluding right-of-use assets.

7

Sum of cash flow from operating activities and cash flow from long-term investing activities (before securities).