Invitation to the Annual Shareholders' Meeting
As expected, 2012 was a challenging year for our company. The key factor influencing WACKER’s performance was solar-grade polysilicon. Although, in 2012, we supplied customers with more polysilicon than ever before, the marked price decline – 50 percent within one year – dampened Group sales and EBITDA. Additionally, lower volumes and prices held back our semiconductor business. Overall, price effects reduced Group sales by more than €700 million. Growth and increased profitability in chemicals, which remained stable throughout the year, could not fully offset this price impact. In 2012, WACKER’s three chemical divisions performed very well, with sales rising 5 percent on the year-earlier period. EBITDA performance in chemicals was even stronger, climbing 15 percent.
Looking at the bottom line, we generated Group sales of €4.63 billion, 6 percent below the previous year. EBITDA came in at €787 million, down 29 percent. Net income for the year amounted to €106.8 million.
We hereby invite WACKER’s shareholders to attend our Annual Shareholders’ Meeting at the ICM – International Congress Centre Munich (Munich-Riem, Am Messesee 6, 81829 Munich, Germany) on May 8, 2013, starting at 10:00 a.m.
Wacker Chemie AG
Dr. Peter-Alexander Wacker
Supervisory Board Chairman
Dr. Rudolf Staudigl
President & CEO