Wacker Chemie plans to construct a brand new manufacturing line for high-purity semiconductor polysilicon in Burghausen, Germany.
Image: Wacker Chemie AG
From pv journal Germany
Wacker Chemie AG posted a big drop in gross sales and earnings within the second quarter.
Total gross sales fell from €1.75 billion to virtually €1.5 billion in comparison with the identical quarter final yr, the Munich-based group introduced on Friday. The important motive for the drop was decrease gross sales volumes of polysilicon for the photo voltaic trade, the corporate stated. Earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) fell by 37% in comparison with the second quarter of 2023 to €160 million, which Wacker Chemie attributed to decrease gross sales volumes. Earnings earlier than curiosity and taxes (EBIT) fell to €43 million, properly beneath final yr’s €153 million.
Total gross sales within the second quarter of the Wacker Polysilicon division have been €232 million, 55% decrease than in the identical interval final yr. The gross sales quantity of polysilicon for the photo voltaic trade was decrease, which finally led to a big lower in gross sales. The division’s EBITDA additionally fell by about two-thirds, from €156 to €55 million. Compared to the primary quarter of 2024, Wacker Chemie stated that gross sales fell by 23%, however EBITDA elevated by 27%.
In publishing the quarterly numbers, the corporate confirmed its forecast for the total yr. Wacker Chemie continues to count on gross sales within the vary of €6 to €6.5 billion within the present fiscal yr, with EBITDA anticipated to be between €600 to €800 million.
“Although there are nonetheless no indicators of a long-lasting change, we’re seeing preliminary indicators of financial restoration. Inflation charges are falling quicker than anticipated and power costs and uncooked supplies is reducing,” defined CEO Christian Hartel. Wacker Chemie is attempting to increase the shopper base for its polysilicon division. The firm was in a position to additional improve the proportion of polysilicon that goes to the semiconductor trade, he stated Hartel. Wacker Chemie additionally plans to construct a brand new manufacturing line for high-purity semiconductor polysilicon on the Burghausen website.
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