The Munich-based chemical company's Wacker Polysilicon unit posted earnings before interest, tax, amortisation and depreciation (Ebitda) of €87.9m, up 37% on last year's same quarter.

Rising volumes, better prices for polysilicon and high utilisation of production facilities all contributed to this growth, said the group.

"Demand for solar silicon has continued to grow and prices have stabilised. The current business trend in our divisions and our order level for the second half of the year make us even more optimistic that 2014 will be a good year for Wacker," said CEO Rudolf Staudigl in Munich.

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