Quarterly Report - Wacker Chemie AG


Quarterly Report

3rd quarter 2010

Quarterly Report 3/2010

  • WACKER Achieves New Sales Record of €1.27 Billion in Q3 2010 thanks to strong and sustained Customer Demand
  • EBITDA Grows by 85 Percent to €340 Million in Third Quarter
  • Q3 Net Income Rises to €156 Million
  • Net Cash Flow of €192 Million More Than Double the Prior-Year Figure
  • Full-Year 2010 Sales Expected at Well Above €4.6 Billion, with EBITDA Exceeding €1.1 Billion


in € million
Q3 2010 Q3 2009 Change
in %
9M
2010
9M
2009
Change
in %
Sales 1,269.5 986.5 28.7 3,538.5 2,784.5 27.1
EBITDA (1) 340.0 184.0 84.8 902.3 511.9 76.3
EBITDA margin (2) 26.8% 18.7% 43.3 25.5% 18.4% 38.6
EBIT (3) 234.3 82.9 >100 592.7 87.4 >100
EBIT margin (2) 18.5% 8.4% >100 16.8% 3.1% >100
Financial result -11.7 -6.6 77.3 -24.0 -20.0 20.0
Income before taxes 222.6 76.3 >100 568.7 67.4 >100
Net income attributable to Wacker Chemie AG shareholders 155.8 35.9 >100 397.1 -33.1 n.a.
Earnings per share in € 3.13 0.68 >100 7.98 -0.62 n.a.
Investment (incl. financial assets) 215.5 171.8 25.4 454.7 542.9 -16.2
Investments in acquisitions 66.1 - n.a. 66.1 - n.a.
Net cash flow(4) 192.4 92.7 >100 302.5 53.4 >100
(1) EBITDA is EBIT before depreciation and amortization.
(2) Margins calculated based on sales.
(3) EBIT is the result from continuing operations for the period before interest and other financial result and income tax.
(4) Sum of cash flow from operating activities and noncurrent investment activities
(5) Sum of liquidity and noncurrent and current financial liabilities

in € million
September 30, 2010 September 30,
2009
December 31,
2009
Equity 2,341.6 1,984.7 1,942.4
Financial liabilities 470.1 517.9 439.7
Net financial debt(5) -152.0 50.2 76.1
Total assets 5,233.0 4,734.4 4,541.9
Employees (number at end of period) 16,184 15,685 15,618

Note

This website contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward looking statements, nor does it assume the obligation to do so.