Quarterly Report - Wacker Chemie AG


Quarterly Report

2nd quarter 2015

  • GROUP SALES FOR Q2 2015 REACH €1.37 BILLION, UP 10 PERCENT YEAR OVER YEAR AND ALMOST 3 PERCENT QUARTER OVER QUARTER
  • HIGHER VOLUMES AND FAVORABLE EXCHANGE RATES DRIVE SALES TREND
  • SECOND-QUARTER EBITDA REACHES €329 MILLION, WITH NON-RECURRING EFFECTS CONTRIBUTING TO THE INCREASE OF 43 PERCENT ON A YEAR AGO
  • NET INCOME FOR Q2 2015 AMOUNTS TO €108 MILLION
  • FORECAST CONFIRMED: GROUP SALES FOR FULL-YEAR 2015 EXPECTED TO INCREASE BY ABOUT 10 PERCENT, WITH EBITDA GROWING MODESTLY WHEN ADJUSTED FOR SPECIAL INCOME


in € million
Q2 2015 Q2 2014 Change in % 6M 2015 6 M
2014
Change
in %
Sales 1,370.5 1,242.3 10.3 2,705.4 2,399.7 12.7
EBITDA(1) 329.0 229.5 43.4 596.1 514.7 15.8
EBITDA margin(2) 24.0% 18.5% - 22.0% 21.4% -
EBIT(3) 187.9 82.1 >100 314.2 215.9 45.5
EBIT margin(2) 13.7% 6.6% - 11.6% 9.0% -
Financial result -19.9 -23.0 -13.5 -26.9 -46.7 -42.4
Income before taxes 168.0 59.1 >100 287.3 169.2 69.8
Net income for the period 108.2 29.4 >100 178.8 93.6 91.0
Earnings per share in € (basic/diluted) 2.21 0.64 >100 3.63 1.99 82.2
Investment (incl. financial assets) 214.2 101.0 >100 389.1 190.3 >100
Net cash flow(4) 21.0 49.6 -57.7 38.4 154.1 -75.1

in € million
June 30,
2015
June 30,
2014
Dec 31,
2014
Equity 2,687.7 2,066.1 1,946.5
Financial liabilities 1,508.4 1,458.0 1,601.5
Net financial debts(5) 938.9 920.9 1,080.6
Total assets 7,425.7 6,616.1 6,947.2
Employees
(number at end of period)
16,928 16,758 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.