Home / Knowledge / News / Textiles / Wacker Group Q1 FY'13 sales rise 6%
Wacker Group Q1 FY'13 sales rise 6%
May '13
After last year’s weak fourth quarter, Wacker Chemie AG is experiencing noticeably higher customer demand. WACKER posted higher volumes in Q1 2013, especially in polysilicon, but in many chemical products as well. Sales and earnings were both markedly higher than in Q4 2012.

As already expected, however, the Munich-based chemical company did not match the prior-year quarter’s figures. WACKER posted sales of €1,076.3 million between January and March 2013 – down about 10 percent from a year ago (€1,194.3 million). The low price levels for solar silicon and semiconductor wafers were the principal reason why sales did not reach the Q1 2012 figure. Compared with the previous quarter (€1,017.2 million), however, sales were up 6 percent.

- Group sales for q1 2013 come in at €1.08 billion, 6 percent above q4 2012 and 10 percent below the prior-year period
- First-quarter ebitda reaches €165 million, 23 percent higher than in the preceding quarter, but 23 percent down on a year ago due to price declines
- Net income for q1 2013 amounts to €5 million
- Chemical-business sales almost at the prior-year level, ebitda 5 percent higher than a year earlier
- Polysilicon business posts markedly lower sales and earnings
- Full-year 2013 forecast unchanged: group sales expected at last year’s level, ebitda anticipated to decline year on year due to lower prices for polysilicon and semiconductor wafers

In the quarter under review, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €164.5 million, down almost 23 percent from a year ago (€213.3 million), but up 23 percent on Q4 2012 (€133.9 million). The EBITDA margin for the quarter came in at 15.3 percent, compared with 17.9 percent in Q1 2012 and 13.2 percent in Q4 2012.

The Group’s earnings before interest and taxes (EBIT) amounted to €32.2 million in the first quarter of 2013 (Q1 2012: €83.9 million), thereby yielding an EBIT margin of 3.0 percent (Q1 2012: 7.0 percent). Net income for the quarter under review was €5.1 million (Q1 2012: €41.8 million) and earnings per share amounted to €0.08 (Q1 2012: €0.87).

WACKER’s earnings trend from January through March was once again shaped by the low price level for polysilicon. Solar-silicon prices in the first three months of 2013 were substantially below their prior-year levels. For silicon wafers, average prices were 7 percent below Q1 2012.

In contrast, the three chemical divisions’ combined EBITDA was up over 5 percent year on year. Positive factors here included higher volumes for silicone products and dispersible polymer powders.

First-quarter EBITDA included €32.2 million (Q1 2012: €36.6 million) in retained advance payments and damages for terminated contracts with polysilicon customers. Savings in material and personnel expenses also improved the quarter’s EBITDA.

Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Indian textile value chain

'One nation, one tax' is a great concept

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search