DGAP-News

Wacker Chemie AG: WACKER LIFTS SALES IN 2015 ABOVE EUR5 BILLION FOR THE FIRST TIME AND INCREASES ITS NET INCOME

DGAP-News: Wacker Chemie AG / Key word(s): Preliminary Results
Wacker Chemie AG: WACKER LIFTS SALES IN 2015 ABOVE EUR5 BILLION FOR THE
FIRST TIME AND INCREASES ITS NET INCOME

02.02.2016 / 07:14
The issuer is solely responsible for the content of this announcement.

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- SALES FOR FULL-YEAR 2015 RISE BY ABOUT 10 PERCENT TO EUR5.3 BILLION
AMID HIGHER VOLUMES AND FAVORABLE EXCHANGE-RATE EFFECTS

- Q4 2015 SALES OF EUR1.2 BILLION ARE OVER 3 PERCENT HIGHER THAN A YEAR
EARLIER, AND EBITDA INCREASES BY 2 PERCENT IN THE FINAL QUARTER TO
EUR185 MILLION

- AT EUR1.04 BILLION, FULL-YEAR EBITDA REACHES THE PRIOR-YEAR LEVEL,
DESPITE LOWER SPECIAL INCOME

- EBIT FOR 2015 GROWS BY 6 PERCENT TO EUR470 MILLION

- NET INCOME AT ABOUT EUR240 MILLION, 23 PERCENT HIGHER YEAR OVER YEAR

Munich, February 2, 2016 - Following a generally robust fourth quarter,
Wacker Chemie AG achieved its sales target for full-year 2015 and slightly
exceeded its earnings expectations. According to preliminary calculations,
the Munich-based chemical group posted total sales of EUR5.3 billion in
2015 (2014: EUR4.83 billion), some 10 percent above the 2014 figure. This
increase was chiefly the result of higher volumes and favorable
exchange-rate effects. Every division generated year-over-year sales growth
in 2015.

The Group's preliminary earnings before interest, taxes, depreciation and
amortization (EBITDA) amounted to EUR1.04 billion (2014: EUR1.04 billion).
EBITDA was at the prior-year level despite substantially lower special
income from advance payments retained and damages received from
solar-sector customers. In full-year 2015, these special-income items
amounted to some EUR137 million (2014: EUR206 million). Adjusted for this
effect, EBITDA increased by 9 percent in the reporting year. The Group's
earnings before interest and taxes (EBIT) grew by 6 percent year over year
to EUR470 million in 2015 (2014: EUR443 million). WACKER's preliminary net
income for 2015 reached EUR240 million (2014: EUR195 million).

"Our chemical business in particular performed well in the fourth quarter,"
said Group CEO Rudolf Staudigl on Tuesday in Munich. "Chemical sales were
substantially higher than in the comparable final-year quarter. This more
than compensated for the fact that polysilicon prices were lower and
semiconductor-wafer volumes were down slightly year over year. On the
whole, we generated the strongest final-quarter sales to date"