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					</table>Munich-based chemical conglomerate <a href="https://www.wacker.com/cms/en-us/home/home.html" target="_blank" rel="noopener">Wacker Chemie AG</a>’s third quarter (Q3) net income came in at €259 million (~$258.5 million), down 2.2% year-over-year (YoY) due to higher prices for energy and raw materials.
However, the company’s sales rose to €2.13 billion (~$2.12 billion), a jump of 29% YoY on the back of higher selling prices even though the volumes were lower than last year. Further, sales also benefited from positive exchange-rate effects due to the stronger US dollar.
The company’s revenue from the polysilicon business surged 51% YoY to €619 million (~$619.2 million) on strong demand and prices.
The company said that the main driver of this increase was significantly higher average prices for solar-grade silicon, but slightly higher volumes YoY also contributed to the sales trend. The company said that prices for semiconductor-grade silicon rose YoY while the share of this product in the total sales volume grew further.
Wacker raised the full-year (2022) sales and Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) outlook for the polysilicon business to €2.2 billion (~$2.205 billion) and €850 million (~$852.1 million) respectively from €2.1 billion (~$2.1 billion) and €700-850 million (~$701.5-851.8 million) previously.
The company said that continuing high polysilicon prices were a further reason for an updated earnings forecast. Wacker said it expected EBITDA to be between €2.1 billion and €2.3 billion (~$2 and 2.2 billion) compared with the previous guidance of €1.8 billion-€2.3 billion (~$1.804-2.305 billion).
The company expects full-year sales to range from €8 billion to €8.5 billion (~$7.9-8.4 billion).
“Our strategic focus on specialty chemical products with high value-added for our customers, on highest-quality polysilicon for semiconductors and solar applications, and on the active expansion of our biotechnological activities contributes substantially to strengthening Wacker’s resilience and ensuring the company remains robust,” CEO Christian Hartel said.
The company’s Q3 EBITDA from polysilicon sales totaled €191 million (~$190.9 million) in Q3, down YoY by 5% owing to significantly higher prices for raw materials and energy costs clubbed with production slowdown in China.
<a href="https://mercomindia.com/wp-content/uploads/2022/11/Wacker-1.png"><img loading="lazy" decoding="async" class="alignnone wp-image-44194 size-full" src="https://mercomindia.com/wp-content/uploads/2022/11/Wacker-1.png" alt="Wacker 1" width="1550" height="442" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1.png 1550w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-300x86.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-768x219.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-1536x438.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-650x185.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-624x178.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/Wacker-1-600x171.png 600w" sizes="(max-width: 1550px) 100vw, 1550px" /></a>
Region-wise, the group’s sales in Q3 rose YoY by 46% in the U.S., generating revenue of €346.7 million (~$346.5 million) due in part to exchange-rate effects.
In Asia, Wacker’s sales grew YoY by 37% to €965.8 million (~$965.3 million) and 12% to €714.5 million (~$714.2 million) in Europe.
Wacker’s EBITDA for the period improved YoY by 2% to €457 million (~$456.8 million).
The company projects that increased logistics and raw materials costs are likely to impact the EBITDA by around €1.3-€1.4 billion (~$1.2-1.3 billion).
Wacker had <a href="https://mercomindia.com/wacker-polysilicon-sales-doubles-2021-e1-53-million/" target="_blank" rel="noopener">reported</a> a two-fold increase or a 100% YoY growth in its polysilicon sales at €1.53 billion (~$1.71 million) in 2021.
The company <a href="https://mercomindia.com/wacker-groups-polysilicon-earnings-up-q1-2022/" target="_blank" rel="noopener">posted</a> a YoY increase of 76% in revenue from polysilicon sales at €525 million (~$551.30 million) for the first quarter of 2022.

Wacker Group’s Polysilicon Segment Sales in Q3 Grew By 51% YoY

<a href="https://www.wacker.com/cms/en-us/home/home.html" target="_blank" rel="noopener">Wacker Chemie AG</a>, a Munich-based chemical group company, reported total sales of €525 million (~$551.30 million) for its Polysilicon division during the first quarter (Q1) 2022, a growth of 76% year-over-year compared to €298 million (~$312.92 million) in Q1 2021.
The sales were up by 12% compared to Q4 2021 with €470 million (~$493.53 million).
The company attributed the growth in sales to higher prices, particularly for solar-grade polysilicon and polysilicon for semiconductor applications.
The division reported EBITDA (earnings before interest, taxes, depreciation, and amortization) of €225 million (~$236.29 million), a 341% YoY increase from €51 million (~$53.56 million) reported the previous year. However, the EBITDA decreased by 12% compared to the Q4, 2021, from €256 million (~$268.85 million).
Polysilicon prices and volumes, on balance, were somewhat higher but could not completely compensate for the decrease in EBIDTA. The quarter-over-quarter decrease was due to substantially higher prices for energy and raw materials like silicon metal compared to the previous quarter.
The division’s EBITDA margin was 42.7% for January through March 2022, after 17.1% in Q1 2021 and 54.5% in Q4 2021.
The company also attributed the Q1 performance to trailing inventory and hedging effects.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-34642" src="https://mercomindia.com/wp-content/uploads/2022/05/Sales.png" alt="Sales" width="663" height="691" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Sales.png 663w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Sales-288x300.png 288w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Sales-650x677.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Sales-624x650.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Sales-600x625.png 600w" sizes="(max-width: 663px) 100vw, 663px" />
Wacker Group Earnings
The Wacker Group consists of three major divisions: Chemicals (Silicones and Polymers), Biosolutions, and Polysilicon.
The group reported total sales of €2.076 billion (~$2.182 billion) in Q1 2022, a 53% growth from €1.36 billion (~$1.43 billion) during the same period last year. The sales numbers grew 23% QoQ from €1.688 billion (~$1.774 billion) in Q4, 2021.
The EBITDA recorded for the quarter was €644 million (~$677 million), a 149.6% YoY increase from €258 million (~$271.26 million) in Q1 2021 and a 26% QoQ increase from €513 million (~$539.37 million) in Q4, 2021.
The company’s net income during the period was at €403 million (~$426.72 million), a 241.5% YoY increase from €118 million (~$124.08 million) recorded in Q1 2021, and a 48% QoQ increase from €272 million (~$286 million) recorded in the previous quarter.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-34643" src="https://mercomindia.com/wp-content/uploads/2022/05/Q1-2022-Results.png" alt="Q1 2022 Results" width="792" height="430" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results.png 792w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results-300x163.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results-768x417.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results-650x353.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results-624x339.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Q1-2022-Results-600x326.png 600w" sizes="(max-width: 792px) 100vw, 792px" />
Wacker group’s polysilicon division had <a href="https://mercomindia.com/wacker-polysilicon-sales-doubles-2021-e1-53-million/" target="_blank" rel="noopener">reported</a> sales of €1.53 billion (~$1.61 billion) for the full year 2021, a two-fold increase from the previous year’s (€792 million (~$832.97 million).
In 2021, Wacker Chemie <a href="https://mercomindia.com/jinkos-revenue-down-q2-2021/" target="_blank" rel="noopener">signed </a>a strategic five-year polysilicon supply agreement with JinkoSolar.

Wacker Group’s Polysilicon Earnings Up 341% YoY in Q1 2022, Sales at €525 Million

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