The award was based on year-on-year growth in sales, operating and net profits, and absolute profit margins in 2014. “The company captured strong growth last year, kept costs under control and pushed profits and margins higher against a difficult global economic and oil price environment,” said Nigel Davis, ICIS Insight Editor.
In 2014, WACKER’s earnings before interest, tax, depreciation and amortization (EBITDA) rose 54% in 2014, with the EBITDA margin increasing to 21.6% versus 15.2% in 2013. „We are very pleased and honored that ICIS has chosen WACKER as Company of the Year for its business achievements“, said Dr. Rudolf Staudigl, WACKER’s President and CEO. „2014 was an extraordinary year for WACKER, as our company celebrated its centennial. Over the last 100 years, our strong commitment to change, adapt and renew itself has been one of the pillars for our ongoing success up to this very day.“
In 2014, WACKER posted sales of €4.83 billion with some 17,000 employees. The company has operations in Europe, the Americas and Asia, with subsidiaries and sales offices located in 29 countries. “As globalization progresses and more and more people benefit from rising affluence, demand for our high-quality products is set to further increase”, Dr. Staudigl added. “This is why I consider WACKER well equipped to serve a growing customer base and to play its role in promoting a global sustainable development.”
ICIS ( www.icis.com ) is one of the world's largest chemical and petrochemical market information providers. The company has more than 30 years’ experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts. ICIS has a global staff of more than 800 employees, with some 350 journalists engaged in reporting market prices and news. ICIS is a division of Reed Business Information headquartered in Sutton, Surrey, England. For more on ICIS Chemical Business Magazine, see www.icis.com/chemicalbusiness .
WACKER (www.wacker.com) is a globally active chemical group headquartered in Munich, Germany. Founded in 1914, the Group operates 25 production sites, supplying over 3,200 products to more than 3,500 customers worldwide. With a wide range of state-of-the-art specialty products, WACKER is a leader in numerous fields and industries. Its products are required in countless high-growth end-user sectors, such as photovoltaics, electronics, pharmaceuticals and household/personal-care products. In 2014, the Group generated sales of some €4.83 billion (2013: €4.48 billion).