Wacker’s Preliminary 2021 Financials Out

Wacker’s 2021 Polysilicon EBITDA Swell To €655 Million, Up From €5 Million In 2020

Wacker’s Preliminary 2021 Financials Out

High prices for polysilicon contributed to increasing Wacker’s group sales and EBITDA on annual basis, the company’s preliminary financials show.

  • Wacker’s polysilicon sales in 2021 are likely to have improved on annual basis to €1.53 million as per the company’s preliminary financials
  • EBITDA for this segment went up to €655 million, compared to €5 million it reported for 2020
  • Management attributes the growth to higher prices for solar-grade polysilicon, among other reasons

German chemicals company Wacker Chemie AG expects to report strong growth for its polysilicon business division’s EBITDA in 2021. It guides for €655 million ($729 million) in EBITDA, compared to €5 million in 2020, owing mainly to ‘markedly’ higher prices for solar-grade polysilicon.

Volume growth in this business segment was also attributed by the management to high-quality polysilicon for semiconductor applications and improvement in production costs.

Group sales are expected to be €6.2 billion ($6.9 billion) to which polysilicon contributed €1.53 billion ($1.7 billion), having gone up from €792 million in 2020 (see Wacker’s Polysilicon Sales Up, But Group Sales Down).

Details will be available on March 15, 2022 when Wacker releases its audited financial report for 2021.

High polysilicon prices in 2021 due to short supply improved fortunes for all polysilicon manufacturers. Recently, Chinese company Daqo New Energy’s principal operating subsidiary Xinjiang Daqo said it expects to report over 400% annual increase in 2021 net profit (see 2021 Profit Alert For Daqo New Energy).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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