Trade Wacker Chemie AG - WCH CFD

Wacker Chemie Company profile

About Wacker Chemie AG

Wacker Chemie AG is a Germany-based manufacturer of specialty chemical products. It operates through four segments: Silicones, Polymers, Biosolutions and Polysilicon. The Silicones segments provides silane, silicone fluids, emulsions, elastomers, sealants and resins to pyrogenic silicas; the Polymers segment offers a range of polymeric binders and additives along with customized services; the Biosolutions segment serves the food, pharmaceutical, life science and agrochemical industries and produces fermenter cysteine and bioengineered cyclodextrins, among others, and the Polysilicon segment manufactures high-purity polysilicon for the solar technology and semiconductor-electronics industries.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Wacker Chemie AG revenues increased 32% to EUR6.21B. Net income increased from EUR189.2M to EUR806.9M. Revenues reflect Polysilicon segment increase of 93% to EUR1.53B, Polymers segment increase of 29% to EUR1.65B, Asia segment increase of 56% to EUR2.64B, Other Europe segment increase of 23% to EUR2.37B. Net income benefited from Loss from Restructuring decrease of 100% to EUR100K (expense).