Despite selling 20% more polysilicon in 2012 than the year prior – 38,000 metric tonnes in total – revenues within Wacker’s polysilicon division fell 21.5% to €1.14bn ($1.48bn).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) within the polysilicon unit fell more than 40% to €427.5m as polysilicon prices plunged.
The price decline for polysilicon eroded sales by at least €700m, Wacker claims.
