Issue 3/2019 - WACKER announces its 2018 financial results

WACKER Announces 2018 Financial Results
WACKER recently released its 2018 financial results
.
In 2018, sales totaled EUR 4.
98 billion, up 1 percent year-on-year, mainly due to
higher volumes and higher product prices in the chemical business.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the 2018 fiscal year amounted to €930 million, down 8 percent
year-on-year.
In addition to the fact that insurance payments have not yet been received from the Charleston site and the weakness of the photovoltaic market, the significant increase in raw material prices has also dampened profit growth
.
Earnings before interest and taxes (EBIT) in the 2018 fiscal year decreased by 8% year-on-year to €390 million, with an EBIT margin of 8%.

Profit from continuing operations increased by 4 percent
to EUR 260 million.
Net cash flow in 2018 amounted to approximately EUR 120 million
.