Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Wacker posts good results in Q3 2016
Wacker posts good results in Q3 2016
28
Oct '16
Wacker Chemie AG's Q3 2016 sales were slightly lower year over year, while its earnings before interest, taxes, depreciation and amortisation (EBITDA) were substantially higher than last year. The Munich-based chemical group posted sales of €1,346.1 million in the reporting quarter, down 1 per­ cent compared to €1,357.9 million sales in Q3 2015.

The slight decrease in sales was chiefly due to lower year-over-year prices for solar silicon, semiconductor wafers and some chemical products. Generally higher volumes did not fully offset these price effects, the company said.

Relative to the preceding quarter (€1,386.2 million), sales were down by 3 per cent, primarily due to a decline in volumes for polysilicon and some chemical products.

The polymer division at Wacker registered total sales of €308.2 million in the reporting quarter. These were 2 per cent lower than a year ago (€313.0 million) and 5 per cent below the preceding quarter (€325.7 million). Noticeably higher dispersion volumes year over year did not fully compensate for somewhat lower prices in a number of product groups.

Negative exchange-rate effects, too, weighed slightly on the sales trend. Compared with Q2 2016, average prices were virtually unchanged, while volumes were lower on balance.

Wacker Polymers' EBITDA grew to €73.2 million in the reporting quarter, compared with €64.7 million a year earlier – up 13 percent. This gain was essentially due to the low cost level, which in turn benefited from high plant utilisation of almost 90 per cent.

Relative to the preceding quarter (€78.2 million), EBITDA decreased by around 6 per cent. This decline stemmed not only from lower sales, but also from a quarter-over-quarter increase in the price of ethylene, a base material. The EBITDA margin came in at 23.8 percent in the reporting quarter, after 20.7 per cent last year and 24.0 per cent in the preceding quarter.

Overall, Wacker continues to expect Group sales to rise by a low single-digit percentage in fiscal 2016. The company expects EBITDA to climb by between 5 and 10 per cent on a comparable basis, i.e. when adjusted to exclude special income. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search