Selling EXTRUDED Plastics Temperatue Controller Sales is 1.27 billion euros of Watak in the second quarter of 2019

Date:2022-8-08 Author:Sam

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Key data of Walker 2019 financial report. The net profit of the second quarter was 37 million euros
Close Walker 2019 financial report Key data.
瓦克2019财报关键数据。
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Vak Group 2019 The key data of the second quarter of the financial report is as follows:
The sales of the second quarter of the Walker Group in 2019 were 1.27 billion euros, a decrease of 5%from the same period last year, which is the previous year. The quarter increased by 3%
Affected by the significant decline in the price of polysilicon, the decline in the price of standard organic silicon products, and the rise in energy costs. In the second quarter 19%, but increased by 48%compared to the previous quarter
net cash flow It is 0.22 billion euros
Walker remains unchanged for the annual forecast: the total sales of the group’s 2019 will be expected to achieve a medium -range single -bit percentage increase. Reduced 10%to 20%
Vacker Group released the second quarter of 2019 financial report. The sales of Wak Chemical Group in the reporting period reached 1.2685 billion euros (2018 second 2018 Quarter: 1.3299 billion euros), a 5%decrease from the previous year.

Wak Chemical Co., Ltd. 2The total sales in the second quarter of 2009 and EBITDA increased compared with the previous quarter, but did not reach the same period of the previous year.
    The main reason for the decline in performance is that the sales price of the product declines, especially the price of polysilicon for solar cells and the price of standard silicon products. The total sales volume also decreased slightly due to the impact of sales and product portfolio effects. The exchange rate change brought about by the US dollar compared with last year’s strong trend has increased sales. Compared with the previous quarter (1.235.7 billion euros), sales mainly increased by 3%due to increased sales.
  • Interest, tax, depreciation, and amortization of Walker’s second quarter of 2019 (EBITDA) was 21.7 billion euros, a 19%decrease in the same period last year (260.5 million euros). The main reason for the decline in performance is that the average price of polysilicon for solar cells has declined significantly and the price of standard organic silicon products decreases.
  • In addition, the rise in energy costs has adversely affected EBITDA. Walk’s EBITDA in the second quarter increased by 48%compared to the previous quarter (142 billion euros). In addition to the positive impact of sales increase, the growth of EBITDA in the second quarter of Vak also benefited from a special income.
  • Dr. Shito, President and CEO of Waka, said in Munich on Thursday: \”The sales of the Walker polymer business department have continued to grow, and the growth of EBITDA is more significant. The market demand for decentralized latex powder and emulsion is still strong.
  • Polysilicon for solar cells still face a severe market environment. Especially the price of polysilicon for solar cells is still at a very low level so far, which not only gives tile tiles Kew, it also brought a lot of challenges to our competitors. \”
  • Regional performance
  • Walker 2 in 2019 second In the American region, sales growth was achieved, with sales of 242.7 million euros, an increase of 9%over the same period last year (223.7 billion euros).
  • During the reporting period, Whak’s sales in Europe reached 527.1 billion euros (the second quarter of 2018: 543.2 billion euros). Walk’s sales in Asia were 434.5 million euros (the second quarter of 2018: 495.7 million euros), a decrease of 3%and 12%compared with the same period last year, respectively.


The performance of various business departments




Organic silicon business department: sales increased by 7% over the previous quarter



Walk organic silicon business department achieved sales of 650 million euros in the second quarter of 2019), which reached almost the same period last year (653.8 million euros). Although dedicatedThe price of products has risen slightly, but it cannot completely make up for the loss caused by the decline in the price of standard products.

At the same time, sales are also adversely affected by sales and product portfolio factors. However, changes in exchange rates have a positive impact on sales. The sales department’s sales in this quarter increased by 7%compared with the previous quarter (604.9 billion euros). The EBITDA realized by the Wak organic silicon business department in the reporting period was 119.8 million euros, compared with the same period last year (176.6 million euros) of the previous year (176.6 million euros). It decreased by 32%, a decrease of 6%from the previous quarter (128.1 billion euros).

In addition to being affected by the decline in sales of sales and product portfolio and standard silicon products, the measures taken by the business department have adopted the optimized operating funds to adversely affect EBITDA. The EBITDA profit margin of the second quarter of 2019 was 18.4%, the same period of the previous year was 27.0%, and the previous quarter was 21.2%.

Polymer business department: sales increased by 9%compared to the previous quarter


The sales of the Wat polymer business department in the reporting period The amount was 353.3 billion euros, an increase of 3%compared with the same period last year (343.1 billion euros); the increase in sales and good exchange rate effects were the main reasons for achieving growth. The average price of emulsion and dispersion latex powder has basically remained unchanged compared to the same period last year.

Compared with the previous quarter (323.6 billion euros), sales mainly increased by 9%due to increased sales. The EBITDA realized in the second quarter of 2019 was 52.7 billion euros (the same period last year: 32.6 million euros), a year -on -year increase of 62%. Efficiency measures have a positive impact on EBITDA.
The EBITDA of the business department increased by 18%compared with the previous quarter (44.5 billion euros). The EBITDA profit margin of the reporting period of the business department was 14.9%. It is 13.8%.
Polysilicon Business Department:
The total sales of the Whak polysilicon business department in the reporting period were 169.9 million euros, compared with the same period last year ( 242.1 billion euros) decreased by 30%. The significant decline in the average price of polysilicon for solar batteries is the main reason for the decline in performance. The decrease in sales compared with the previous year, and it has adversely affected sales.
Compared with the previous quarter (211.1 billion euros), sales were mainly reduced by 20%due to reduced sales. The EBITDA achieved by the Wak polysilicon business department was 5.7 million euros in the reporting period, a decrease of 85%from the same period last year (39.1 million euros).

In addition to the decline in the average price of polysilicon, inventory impairment and energy costs have significantly increased from the same period of the previous year.

Compared with the previous quarter (-035.8 billion euros), the business department’s EBITDA increased by 42 million euros. This is mainly due to the improvement of the operating efficiency of the Wak polysilicon business department. The business department adopts a series of measures aimed at further optimizing the production process and improved operating efficiency.

In addition, the business department retained a prepaid of RMB 1.11 million paid by a solar customer company in the reporting period. The business department’s EBITDA profit margin from April to June 2019 was 3.4%, 16.2%in the second quarter of 2018, and -17.0%in the first quarter of 2019.


Future Outlook: The total sales ratio is expected to achieve a medium -range single -bit percentage increase
Vacker’s prediction report in the 2018 annual report The predictions of Wakak’s business development in detail this year are stated in detail, and the predictions about Wak’s development have remained unchanged in this reporting period.

The total sales of the group are expected to achieve medium -range individual digit percentage increase. EBITDA is expected to decrease by 10%to 20%over the previous year.

Due to the slowdown in global economic growth and China’s photovoltaic market have not yet been recovered, the current decline in EBITDA in 2019 will be closer to the lower end of the estimated decline range.

Vacker expects EBITDA’s profit margin will be significantly lower than last year. The investment will be about 400 billion euros, which is lower than the level of the previous year. Walker’s expected net profit will be significantly reduced throughout the year.
The net cash flow will have a significant surplus, which is significantly higher than the previous year. Net financial liabilities are expected to be higher than last year.