Wacker Chemie AG met its sales target and exceeded its earnings expectations in 2016. The Munich-based chemical company announced that Group sales came in at €5.40 billion, up 2 percent year over year (2015: €5.30 billion). The rise was mainly due to higher volumes. EBITDA – earnings before interest, taxes, depreciation and amortization – totaled €1,101.4 million in 2016 (2015: €1,048.8 million). This corresponds to an EBITDA margin of 20.4 percent (2015: 19.8 percent).
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