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    Home > Chemicals Industry > International Chemical > WACKER's sales increased significantly

    WACKER's sales increased significantly

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
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    Recently, WACKER reported a significant increase in sales of €2,132.
    2 million, up 29 percent from a year earlier (€1,658.
    6 million), with sales down 2 percent from the previous quarter due to lower demand, mainly due to higher product prices.
    Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 457 million, still up 2 percent
    year-on-year against the backdrop of surging energy and raw material prices.
    Net cash flow decreased to EUR 296 million
    due to higher working capital and higher capital expenditures.
    WACKER's full-year EBITDA forecast is expected to be high at €2.
    1 billion to €2.
    3 billion, while the Group's sales forecast remains unchanged at €8.
    0 billion to €8.
    5 billion
    .

    WACKER posted sales growth in all regions in the third quarter, with the Americas recording the largest
    increase.
    Sales in the region, also supported by currency exchange, rose 46 percent to €346.
    7 million
    .
    In Asia, WACKER generated sales of €965.
    8 million, up 37 percent year-on-year.
    Sales in Europe increased by 12 percent to EUR 714.
    5 million
    .

    WACKER SILICONES generated sales of €889.
    6 million in the third quarter, up 31 percent year-on-year.
    Higher product prices and optimized product mix due to the increase in the proportion of lucrative specialty silicone products were the main reasons for the
    increase in sales.
    Sales increased significantly year-on-year in almost every application area, especially for silicone products for healthcare, wound care, and industrial and adhesives
    .

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