Polysilicon sales at Wacker continue to decline on pricing pressure

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Preliminary fourth quarter polysilicon revenue at Wacker continued to decline throughout 2012, due to continued pricing pressure.

Wacker’s polysilicon business reported preliminary fourth quarter 2012 sales of €213 million, down from €269.1 million in the third quarter and down significantly from €366.6 million (42% fall) in the first quarter. Sales have therefore declined each quarter of 2012.

The company also reported an EBITDA decline of 47% to €78 million, compared to an EBITDA of €150.1 million in the first quarter of 2012

Wacker’s CEO, Rudolf Staudigl said, “In our polysilicon business, price pressure, high inventory levels and the difficult financial situation of many market players clearly left their mark on 2012. Recent weeks have provided encouraging signals indicating additional photovoltaic expansion, especially in China and the USA. That could result not only in improved volumes, but also in better prices for solar silicon in the future. Yet, at the same time, we are still facing the risk of a trade conflict between China and Europe in the photovoltaic sector.”
 

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