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People & Business :: Earnings/Finance
Wacker reports lower income and revenues, surge in polysilicon demand
6:56 AM MDT | November 1, 2013 | Natasha Alperowicz
Wacker Chemie on Thursday reported third-quarter net income of €5.4 million ($7.3 million), a massive drop on the €28.8 million in the year-earlier period. Sales were down 3%, to €1.17 billion, with Ebitda 18.5% lower, at €167.9 million. Ebitda margin declined from 17.2% in the third quarter of 2012 to 14.4% in the third quarter of this year. Volume growth increased sales by about €112 million, while lower prices, especially in solar silicon and semiconductor wafers, reduced sales by some €109 million, the company says. Wacker...
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