WACKER: Surge in polysilicon demand and lower product prices

01-Nov-2013 - Germany

Wacker Chemie AG posted slight quarter-on-quarter sales growth between July and September 2013, thanks especially to the surging demand for solar silicon. As already expected, however, the Munich-based chemical group did not match the prior-year’s Q3 sales figure. WACKER achieved sales of €1,165.4 million between July and September 2013 – down 3 percent from a year ago (€1,200.9 million). Volume growth increased sales by about €112 million during the quarter under review, while lower prices, especially in solar silicon and semiconductor wafers, reduced sales by some €109 million. Exchange-rate effects resulting from the strong euro also slowed the sales trend. Relative to the preceding quarter (€1,150.3 million), however, sales were up more than 1 percent.

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