Wacker Halfe-Year Report 2023
Highlights
- Wacker Chemie says its Q2/2023 financials suffered due to lower average selling prices and volumes
- Combined with high costs for energy and silicon metal, polysilicon sales declined 10% YoY
- Wacker has now offered a downward revision of the higher end of its group sales and polysilicon sales forecast for 2023
Germany headquartered global chemicals producer Wacker Chemie blames ‘persistently difficult market conditions’ for its group sales declining 19% annually in Q2/2023 owing to lower selling prices and volumes. Polysilicon business division reported higher volumes, but lower average prices for solar-grade polysilicon in China, pulled down annual sales.
Polysilicon contributed €513 million to Wacker’s group sales of €1.75 billion in the reporting quarter, a drop of 10% from €568 million in the previous year
Sequentially, Q2 sales grew 16% as Wacker sold significantly higher volumes than in the previous quarter. EBITDA for the reporting quarter went down by 27% YoY to €156 million, but went up 59% vis-à-vis Q1/2023