Quarterly Report - Wacker Chemie AG


Quarterly Report

1st quarter 2015

  • GROUP SALES FOR Q1 2015 REACH €1.33 BILLION, UP 15 PERCENT YEAR ON YEAR AND 12 PERCENT QUARTER ON QUARTER
  • ALL DIVISIONS LIFT THEIR SALES THANKS TO ROBUST CUSTOMER DEMAND AND POSITIVE EXCHANGE-RATE EFFECTS
  • AT €267 MILLION, FIRST-QUARTER EBITDA DECLINES 6 PERCENT ON Q1 2014, BUT RISES 53 PERCENT WHEN ADJUSTED FOR NON-RECURRING EFFECTS
  • NET INCOME FOR Q1 2015 AMOUNTS TO €71 MILLION
  • SALES FORECAST RAISED SLIGHTLY: GROUP SALES FOR FULL-YEAR 2015 ARE EXPECTED TO INCREASE BY ABOUT 10 PERCENT, WITH EBITDA GROWING MODESTLY WHEN ADJUSTED FOR SPECIAL INCOME

in € million Q1 2015 Q1 2014 Change in %
Sales 1,334.9 1,157.4 15.3
EBITDA(1) 267.1 285.2 -6.3
EBITDA margin(2) 20.0% 24.6% -
EBIT(3) 126.3 133.8 -5.6
EBIT margin(2) 9.5% 11.6% -
Financial result -7.0 -23.7 -70.5
Income before taxes 119.3 110.1 8.4
Net income for the period 70.6 64.2 10.0
Earnings per share in € 1.42 1.35 5.1
Capital expenditures (incl. financial assets) 174.9 89.3 95.9
Net cash flow(4) 17.4 104.5 -83.3
in € million March 31,
2015
March 31,
2014
December 31,
2014
Equity 1,817.0 2,155.5 1,946.5
Financial liabilities 1,583.7 1,448.0 1,601.5
Net financial debts(5) 1,198.1 899.9 1,080.6
Total assets 7,430.7 6,589.2 6,947.2
Employees (number at end of period) 16,844 16,788 16,703
(1) EBITDA is EBIT before depreciation and amortization.
(2) Margins are calculated based on sales.
(3) EBIT is the result from continuing operations for the period before interest and other financial results, and income taxes.
(4) Sum of cash flow from operating activities (excluding changes in advanced payments) and cash flow from long-term investing activities (before securities), including additions due to finance leases.
(5) Sum of cash and cash equivalents, noncurrent and current securities, and noncurrent and current financial liabilities.

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.