Germany-based Wacker Chemie has been named the ICIS Company of the Year by weekly global publication ICIS Chemical Business.
Download the ICIS Company of the Year article at http://www.icis.com/Top100Chem
The selection takes into account year-on-year growth in sales and profits at operating and net levels, and absolute profit margins in 2014.
“We congratulate Wacker Chemie and president and CEO Dr. Rudolf Staudigl for an outstanding financial performance in a challenging environment and positioning the company for future gains,” said Joseph Chang, Global Editor of ICIS Chemical Business.
“The company captured strong growth last year, kept costs under control and pushed profits and margins higher against a difficult global economic and oil price environment,” said Nigel Davis, ICIS Insight Editor.
Wacker Chemie’s earnings before interest, tax, depreciation and amortization (EBITDA) rose 54% in 2014, with the EBITDA margin increasing to 21.6% versus 15.2% in 2013, based on higher volumes and prices, as well as productivity programs. Sales increased 7.8% year on year to €4.83bn.
“We are very pleased and honored that ICIS has awarded Wacker as ‘Company of the Year’ for its business achievements. 2014 was an extraordinary year for Wacker, as our company celebrated its centennial. Over the last 100 years, our strong commitment to change, adapt and renew itself has been one of the pillars for our ongoing success up to this very day,” said Dr. Staudigl.
“Our hallmark is a passion for innovation and technological excellence. As globalization progresses and more and more people benefit from rising affluence, demand for our high-quality products is set to further increase. This is why I consider Wacker well equipped to serve a growing customer base and to play its role in promoting a global sustainable development,” Dr. Staudigl added.
The ICIS Company of the Year award is made for outstanding financial performance in 2014 based on detailed analysis of critical financial measures and ratios and the data collected for the ICIS Top 100 Chemical Companies - a listing of the world's major producers published in the September 7, 2015 issue of ICIS Chemical Business.
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