Polysilicon
Polysilicon’s sales for 2024 fell by 40.6 percent and totaled €949.2 million (2023: €1,599.3 million), due to lower prices and volumes for solar-grade polysilicon. Compared with the prior year, the share of total volumes attributable to hyperpure semiconductor-grade polysilicon increased once again. Looking at the individual regions, sales declined in Asia and Europe. In 2024, Asia was once again the most important sales region for the division’s products.
EBITDA contracted by 39.7 percent to €193.4 million (2023: €320.6 million). Earnings were hampered not only by lower prices and volumes for solar-grade silicon, but also by the ongoing higher energy prices in Germany compared to other regions. The EBITDA margin was 20.4 percent (2023: 20.1 percent).
In 2024, Polysilicon’s capital spending amounted to €199.7 million (2023: €165.1 million), around 20 percent above the prior-year level. The division’s focus was on expanding capacities for semiconductor-grade polysilicon at the Burghausen site, where WACKER is investing in a cleaning line that will increase cleaning capacity for hyperpure semiconductor-grade polysilicon by more than 50 percent. The new facility will meet the growing demand for sophisticated semiconductor applications. The number of employees as of December 31, 2024, totaled 2,375 (December 31, 2023: 2,322).
€ million |
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2024 |
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2023 |
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2022 |
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2021 |
|
2020 |
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Total sales |
|
949.2 |
|
1,599.3 |
|
2,287.2 |
|
1,529.8 |
|
792.2 |
EBITDA |
|
193.4 |
|
320.6 |
|
825.7 |
|
656.7 |
|
4.7 |
EBITDA margin (%) |
|
20.4 |
|
20.0 |
|
36.1 |
|
42.9 |
|
0.6 |
EBIT |
|
70.0 |
|
203.3 |
|
705.3 |
|
528.9 |
|
-147.8 |
Capital expenditures |
|
199.7 |
|
165.1 |
|
91.9 |
|
30.6 |
|
24.9 |
R&D expenses |
|
40.8 |
|
33.5 |
|
27.0 |
|
21.3 |
|
21.3 |
Employees (number as of Dec. 31) |
|
2,375 |
|
2,322 |
|
2,283 |
|
2,219 |
|
2,180 |
