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Despite challenging environment, BASF Q2 sales up 3%

25 Jul '13

2 min read

BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the first half of 2013, sales reached around €38.1 billion, surpassing the level of the previous first half by 4%. EBIT before special items increased by 3% to more than €4 billion.

Second quarter 2013

-Sales €18.4 billion (plus 3%)

-EBIT before special items €1.8 billion (minus 5%)

First half 2013

-Sales €38.1 billion (plus 4%)

-EBIT before special items €4.0 billion (plus 3%)

-Agricultural Solutions segment contributes substantially to sales and earnings growth; considerable earnings increase in Functional Materials & Solutions

-Outlook for 2013: Sales and earnings increase continues to be targeted in volatile economic environment

“In light of the challenging conditions, our business performed well in the first half of 2013. Our business with crop protection products contributed substantially to sales and earnings growth. Earnings rose considerably in the Functional Materials & Solutions segment. Higher volumes in the Oil & Gas segment also boosted sales and earnings development,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE at the company’s half-year press conference.

At just under 2%, global gross domestic product grew more slowly in the first half of 2013 compared with the same period of the previous year. Global industrial production only rose by around 1% over the same period. Bock said: “The economic environment is and remains volatile. The European economy is shrinking slightly; the Chinese growth engine is no longer running at full power; the United States is growing moderately. We are clearly feeling these effects and are doing everything we can to maneuver BASF successfully through this challenging environment. ”

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