WACKER Group is Company of the Year
ICIS Chemical Business has named WACKER “Company of the Year”. In an announcement the news agency highlighted both WACKER’s 2014 financial performance in a challenging environment and the board’s success in positioning the company for future gains.
The award was based on year-on-year growth in sales, operating and net profits, and absolute profit margins in 2014. “The company captured strong growth last year, kept costs under control and pushed profits and margins higher against a difficult global economic and oil price environment,” said Nigel Davis, ICIS Insight Editor.
In 2014, WACKER’s earnings before interest, tax, depreciation and amortization (EBITDA) rose 54% in 2014, with the EBITDA margin increasing to 21.6% versus 15.2% in 2013.
In 2014, WACKER posted sales of €4.83 billion with some 17,000 employees. The company has operations in Europe, the Americas and Asia, with subsidiaries and sales offices located in 29 countries.
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