Wacker Chemie AG ended 2013 with lower sales and earnings compared to 2012. As the Munich-based chemical company announced today on presenting its 2013 annual report, Group sales totaled €4.48 billion, some 3 percent down on 2012 (€4.63 billion). The decline was chiefly due to weaker prices, particularly for solar-grade silicon and semiconductor wafers. All in all, price effects reduced Group sales by €366 million or about 8 percent last year. 2013’s EBITDA – earnings before interest, taxes, depreciation and amortization – came in at €678.7 million (2012: €795.4 million). The corresponding EBITDA margin was 15.2 percent (2012: 17.2 percent). EBITDA dropped almost 15 percent against 2012 mainly because of persistently low solar-silicon prices.
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