Latest quotation of silicone raw materials! Wacker: the profit will reach a new high in 2021!
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Recently, Wacker announced that preliminary data showed that the total sales of Wacker group in 2021 was 6.2 billion euros, an increase of 1 / 3 over the previous year; EBITDA was € 1.5 billion, more than double that of 2020; The profit before interest and tax (EBIT) is about 1.09 billion euros, and the profit for the whole year of 2021 is about 780 million euros.
Christian Hartel, President and CEO of Wacker group, said that all business units of Wacker contributed to the jump in sales last year. The demand of most customer industries remained at a high level throughout the year. At the same time, the selling price of our products is significantly higher than that of last year, which also partially eases the pressure caused by the surge in the price of raw materials. After entering the new fiscal year, market demand continued to rise, showing the excellent growth potential of wacker's business portfolio.
Wacker silicone business unit achieved annual sales of 2.6 billion euros, an increase of 16% over the previous year (2.24 billion euros). EBITDA increased to 555 million euros (2020: 388 million euros), an increase of 43% year-on-year. In addition to the increase of sales volume and the price of silicone products, the proportion of high profit special products in the overall product portfolio of the business department has increased, which has also promoted the growth of EBITDA. (source: Wacker chemical China)