The sales volume of the hottest Wacker reached 49.

2022-07-25
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Wacker's 2018 sales reached 4.98 billion euros, a year-on-year increase of 1%

wacker's 2018 sales reached 4.98 billion euros, a year-on-year increase of 1%

January 23, 2019

Wacker group's total sales in 2018 reached 4.98 billion euros, a year-on-year increase of 1%

● EBITDA was 930 million euros because it had not received insurance compensation for the production base in Tennessee, Decrease by 8% over the previous year

● EBIT in fiscal 2018 was 390million euros

● profit from continuing operations was 260million euros, an increase of 4% over the previous year to confirm the accuracy of the experimental machine

● net cash flow in 2018 was about 120million euros

Munich, January 18, 2019 - the total sales of Wacker Chemical Co., Ltd. in 2018 increased slightly as expected. According to preliminary statistics, Wacker group, headquartered in Munich, achieved a total sales volume of 4.98 billion euros in the previous fiscal year (2017: 4.92 billion euros), an increase of 1% year-on-year. The increase in sales volume and the increase in product prices in the chemical business are the main reasons for the growth in the content of many pages. The growth of organic silicon products is particularly significant, and wacker can greatly make up for the losses caused by the year-on-year rise of euro exchange rate and the decline of polysilicon sales and prices affected by market factors

according to the preliminary data, the profit before interest, tax, depreciation and amortization (EBITDA) of Wacker group in the year of reopening the oil return valve in fiscal 2018 was 930 million euros (2017: 1014 million euros), a decrease of 8% over the previous year. In addition to not receiving the insurance compensation from Charleston production base and the weakness of photovoltaic market, the obvious rise in raw material prices has also restrained the growth of profits. The profit before interest and tax (EBIT) in 2018 was 390million euros (2017: 424million euros), a decrease of 8% over the previous year. The continued decline in depreciation has also had a positive impact. The depreciation in 2018 was about 540million euros (2017: 590million euros)

Wacker group's profit from continuing operations was 260million euros (2017: 250million euros), an increase of 4% over the previous year. The full year profit in 2018 was also EUR 260million. The full year profit in 2017 was € 885million, and the rest € 635million came from discontinued operations

"we invested in expanding our chemical business, and our chemical business also achieved remarkable performance in the fourth quarter of 2018", said Dr. Shi Tuozhi, President and CEO of Wacker. "The sales volume and EBITDA of the chemical business unit in the fourth quarter of 2018 were significantly higher than that of the same period last year. The development of Wacker polysilicon business unit was adversely affected by the severe market conditions of the photovoltaic industry and the temporary shutdown of Charleston production base last year. Charleston production base resumed full production at the beginning of December 2018. Therefore, we have not had time to solve the insurance compensation issues with the insurance company in 2018. I We always believe that the insurance compensation will be able to cover all losses caused by equipment maintenance and temporary shutdown of the production base. We expect to receive insurance compensation in 2019. "

investment amount, net cash flow and net financial liabilities

preliminary data show that wacker's total investment in fiscal 2018 reached 460million euros (2017: 327million euros), an increase of 41% over the previous year. The investment is mainly used for capacity expansion projects of the chemical business unit. The net cash flow of Wacker group in fy2018 was about 120million euros (2017: 358million euros). The net cash flow had a significant balance as expected, but it was significantly lower than that of the previous year, a year-on-year decrease of 66%. As of december31,2018, the net financial liabilities slightly exceeded 600million euros (december31,2017: 454million euros)

business unit

wacker's performance in fy2018 mainly benefited from the strong demand of customers for Wacker chemical products. The sales volume of Wacker silicone business unit in 2018 reached 2.5 billion euros (2017: 2.2 billion euros), an increase of 14% over the previous year. The sales of Wacker polymer business unit reached 1.28 billion euros in 2018 (2017: 1.25 billion euros), an increase of 3% year-on-year. In 2018, the sales of Wacker biotechnology business unit reached € 225million (2017: € 206million), an increase of 10% year-on-year

the total EBITDA of Wacker chemical business unit also increased in 2018. In addition to the increase in product sales, the increase in product prices also had a positive impact on the EBITDA of the chemical business. In 2018, the EBITDA of Wacker silicone business unit reached 615million euros (2017: 445million euros), a year-on-year increase of 38%. The price increase of standard products, the obvious increase of sales volume of special products and the improvement of product portfolio are the main reasons for the performance growth. The EBITDA of Wacker polymers business unit in 2018 was € 150million (2017: € 206million). The significant year-on-year increase in raw material prices was the main reason for the 27% decline in performance. The EBITDA of Wacker biotechnology business unit in 2018 was EUR 25million (2017: EUR 38million). The integration expenditure of the new biopharmaceutical manufacturing plant in the Netherlands was the main reason for the 34% decline in performance

the sales of Wacker polysilicon business unit reached 825million euros in fiscal 2018 (2017: 1.12 billion euros). The 27% decline in performance was mainly due to the decline in sales volume and sales price due to the impact of the market and the suspension of production at the Charleston production base of the business unit in the United States in the first few months of 2018, and the gradual resumption of full production until early December 2018

at the end of May, 2018, China decided to limit the construction scale of new photovoltaic power stations, restraining the market demand for solar modules with carbon fiber and polypropylene fiber content of 45% and 55% respectively. Wacker polysilicon business unit takes this opportunity to increase product inventory so that it can quickly supply customers in the future. The EBITDA of Wacker polysilicon business unit in 2018 was 70million euros (2017: 290million euros), a decrease of 76% from the previous year. In addition to the decline in sales, the losses caused by the temporary shutdown of Charleston production base last year and the insurance company's failure to pay insurance compensation have had an adverse impact on EBITDA

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