Polysilicon is the raw material for solar cells and its sales are an indicator of the health of the solar PV industry.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) in the division fell, however, to €91.8m from €180.3m a year earlier due to lower special income from advance payments retained and damages received from solar-sector customers, Wacker aid.
In addition to lower special income, the division’s Ebitda was diminished by a year-over-year increase in start-up costs for the new polysilicon plant in Charleston, USA, and by lower polysilicon prices.
Construction
