Quarterly Report - Wacker Chemie AG


Quarterly Report

3rd quarter 2015

  • GROUP SALES FOR Q3 2015 REACH €1.36 BILLION, UP 10 PERCENT YEAR OVER YEAR
  • FAVORABLE EXCHANGE-RATE EFFECTS AND HIGHER VOLUMES LIFT SALES TREND
  • AT €264 MILLION, REPORTING-QUARTER EBITDA DOWN 24 PERCENT ON A YEAR AGO, PRIMARILY DUE TO LOWER SPECIAL INCOME
  • NET INCOME FOR Q3 2015 AMOUNTS TO €58 MILLION
  • FORECAST CONFIRMED: GROUP SALES FOR FULL-YEAR 2015 ARE EXPECTED TO INCREASE BY ABOUT 10 PER-CENT, WITH EBITDA GROWING MODESTLY WHEN ADJUSTED FOR SPECIAL INCOME


€ million
Q3 2015 Q3 2014 Change
in %
9M
2015
9M
2014
Change
in %
Sales 1,357.9 1,232.2 10.2 4,063.3 3,631.9 11.9
EBITDA(1) 264.3 347.5 -23.9 860.4 862.2 -0.2
EBITDA margin(2) 19.5% 28.2% - 21.2% 23.7% -
EBIT(3) 125.5 196.3 -36.1 439.7 412.2 6.7
EBIT margin(2) 9.2% 15.9% - 10.8% 11.3% -
Financial result -23.5 -15.7 49.7 -50.4 -62.4 -19.2
Income before taxes 102.0 180.6 -43.5 389.3 349.8 11.3
Net income for the period 58.2 119.0 -51.1 237.0 212.6 11.5
Earnings per share in € 1.21 2.43 -50.2 4.84 4.42 9.5
Investment (incl. financial assets) 220.5 152.9 44.2 609.6 343.2 77.6
Net cash flow(4) 36.2 178.4 -79.7 74.6 332.5 -77.6

€ million
Sep 30,
2015
Sep 30,
2014
Dec 31,
2014
Equity 2,752.7 2,113.5 1,946.5
Financial liabilities 1,446.9 1,592.8 1,601.5
Net financial debt(5) 970.2 905.9 1,080.6
Total assets 7,322.0 7,045.6 6,947.2
Employees (number at end of period) 17,021 16,724 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 advance 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.