On October 28, WACKER released a report for the third quarter of 2021, showing that the company’s sales totaled 1.658.6 billion euros, an increase of 40% from the same period last year (1.1831 billion euros) and an increase from the previous quarter (1.5010 billion euros). 11%. Among them, the good product mix effect, the price increase of products represented by polysilicon for solar cells, and the exchange rate effect have played a positive role in promoting the growth of sales.

In terms of sales, WACKER's sales in all regions have increased significantly year-on-year, with the largest increase in Asia. WACKER’s sales in Asia increased by 59% to 707.5 million euros (Q3 2020: 444.1 million euros). WACKER’s sales in Europe totaled 638.2 million euros, an increase of 34% over the same period last year (476.9 million euros). WACKER’s sales in the Americas increased by 18% to a total of 237.5 million euros (third quarter of 2020: 200.8 million euros). Compared with the previous quarter, sales in all regions have also achieved growth.

In the polysilicon business, WACKER achieved sales of 408.9 million euros during the reporting period, an increase of 94% over the same period of the previous year (211.3 million euros). The main reason for the significant growth in performance is that the average price of polysilicon for solar cells has risen significantly. Sales increased by 16% compared to the previous quarter (352.9 million euros). WACKER’s polysilicon business unit achieved EBITDA of EUR 200.8 million during the reporting period, an increase of EUR 192.9 million from the same period last year (EUR 7.9 million). The main reason for the significant growth in performance is the increase in the price of polysilicon for solar cells. In addition, the business unit's good cost structure and higher equipment utilization have also played a role in driving profit growth. EBITDA increased by 35% from the previous quarter (148.7 million euros). The business unit’s EBITDA margin from July to September 2021 was 49.1%, 3.7% in the third quarter of 2020, and 42.1% in the second quarter of 2021.

WACKER reconfirmed its annual performance forecast released on September 15. According to this forecast, WACKER’s full-year sales in 2021 are expected to reach approximately 6 billion euros (2020: 4.69 billion euros), and EBITDA will be between 1.2 billion and 1.4 billion euros (2020: 666 million euros). The high and stable polysilicon price and the continued strong market demand in the chemical business unit are the main reasons for WACKER’s upward adjustment of its performance forecast. The increase in raw material prices and unfavorable exchange rate effects have an adverse impact on EBITDA. At present, WACKER expects EBITDA to increase. This will result in a reduction of more than 400 million euros (previously: 300 million euros), which has been taken into consideration by WACKER in the latest forecast data.