Interim Report 1st quarter 2016 - Wacker Chemie AG


Interim Report

1st quarter 2016

  • GROUP SALES FOR Q1 2016 TOTAL €1.31 BILLION, DOWN 2 PERCENT YEAR OVER YEAR, BUT UP 7 PERCENT COMPARED WITH Q4 2015
  • EBITDA FOR THE REPORTING QUARTER COMES IN AT €229 MILLION, 14 PERCENT LOWER THAN A YEAR AGO AMID START-UP COSTS FOR THE NEW CHARLESTON SITE, BUT 22 PERCENT HIGHER QUARTER OVER QUARTER
  • NET INCOME FOR Q1 2016 AMOUNTS TO €16 MILLION
  • EARNINGS FORECAST RAISED: FOR FULL-YEAR 2016, EBITDA EXPECTED TO RISE BY BETWEEN 5 AND 10 PERCENT WHEN ADJUSTED FOR SPECIAL INCOME, WHILE GROUP SALES STILL PROJECTED TO INCREASE SLIGHTLY

in € million Q1 2016 Q1 2015 Change in %
Sales 1,314.3 1,334.9 -1.5
EBITDA 228.9 267.1 -14.3
EBITDA margin 17.4% 20.0% -
EBIT 58.9 126.3 -53.4
EBIT margin 4.5% 9.5% -
Financial result -28.5 -7.0 >100
Income before taxes 30.4 119.3 -74.5
Net income for the period 16.1 70.6 -77.2
Earnings per share in € 0.41 1.42 -71.1
Capital expenditures (incl. financial assets) 111.2 174.9 -36.4
Net cash flow -12.0 17.4 -
in € million March 31,
2016
March 31,
2015
December 31,
2015
Equity 2,488 1,817.0 2,795
Financial liabilities 1,636 1,583.7 1,455
Net financial debt 1,110 1,198.1 1,074
Total assets 7,442 7,430.7 7,264
Employees (number at end of period) 17,048 16,844 16,972

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.