Quarterly Report

1st quarter 2009

Quarterly Report 1/2009

  • Q1 2009 Group sales drop 14 percent to €873 million
  • At €158 million, the operating result (EBITDA) was 46 percent lower than the prior-year figure
  • Positive net cash flow of €71 million
  • Full year 2009 sales and earnings expected to drop substantially year on year
  • Continuation of strategic growth projects via investments of some €800 million in current fiscal year


in € million
Q1 2009 Q1 2008 Change
in %
Sales 872.5 1,019.5 -14.4
EBITDA (1) 157.8 291.1 -45.8
EBITDA margin (2) 18.1% 28.6% -36.7
EBIT (3) 58.2 198.7 -70.7
EBIT margin (2) 6.7% 19.5% -65.8
Financial result -7.1 -0.8 >100
Income before taxes 51.1 197.9 -74.2
Result for the period 5.5 130.6 -95.8
Earnings per share in € 0.17 2.63 -93.6
Investment (incl. financial assets) 176.8 145.5 -100
Investments in acquisitions 0 173.4 21.5
Net cash flow 70.9 -3.3 n.a.
(1) EBITDA is EBIT before depreciation and amortization.
(2) Margins calculated based on sales.
(3) EBIT is the result from continuing operations for the period before interest and other financial result, limited partnership interests, and income tax.

in € million
March 31,
2009
March 31,
2008
December 31,
2008
Equity 2,106.1 1,908.6 2,082.8
Financial liabilities 283.9 250.2 272.4
Provisions for pensions 382.5 374.4 376.1
Net financial debt -100.7 -152.8 -32.9
Total assets 4,705.1 4,226.8 4,625.1
Employees (number at end of period) 15,851 15,660 15,922

Note

This website contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward looking statements, nor does it assume the obligation to do so.