WACKER's 2022 annual performance hits new high

On March 14, WACKER announced its 2022 financial report. The financial report shows that in 2022, the company's sales and profits will reach a new high, achieving sales of 8.21 billion euros, a year-on-year increase of 32%; 2.08 billion euros.

Among the various departments, the sales of WACKER's silicone business unit will increase by 33% in 2022, reaching 3.45 billion euros; the reason for the increase in performance is the increase in product prices, favorable product structure effects and exchange rate effects. In addition, the sales of the polymer business sector increased significantly, an increase of 19%, with a total of 2.00 billion euros; the sales of the biotechnology business sector increased by 12%, to 331 million euros; the sales of the polysilicon business sector increased by 50%, reaching 2.29 billion euros.

"Even though we currently feel more headwinds than tailwinds in the economy, we are quite optimistic about the future. Our 'Strategy 2030' has a clear goal of accelerating growth and creating High profits.” He pointed out that in the future, WACKER will invest more than 400 million euros in the two chemical business units of WACKER silicone and WACKER polymers each year, invest more than 80 million euros in the WACKER biotechnology business unit, and invest more than 80 million euros in WACKER’s biotechnology business unit. The polysilicon business unit invests approximately EUR 1 per year.

WACKER predicts that the annual sales in fiscal year 2023 will be 7 billion to 7.5 billion euros, and the EBITDA will be 1.1 billion to 1.4 billion euros. The EBITDA margin is expected to be significantly lower than in the previous year.