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'We are on track with our motto & vision' – BASF chairman
29 Sep '15
4 min read
The company will, however, also continue to look for better owners of businesses that only provide a low strategic fit.
BASF has conducted sustainability assessments on approximately 98 per cent of its entire portfolio of more than 60,000 specific product applications.
The company aims to further increase the proportion of products and solutions, which make a substantial sustainability contribution in the value chain.
BASF has announced a further operational excellence program called DrivE – Drive Efficiency, which will run from 2016 to 2018 and targets an annual earnings contribution of €1 billion by the end of 2018.
From 2010 to 2014, BASF had free cash flow of more than €15 billion and over these five years, BASF paid out €12 billion in dividends.
“We remain committed to deliver attractive returns as our goal is to earn a significant premium on our cost of capital and so we will continue our progressive dividend policy,” CFO Dr. Hans-Ulrich Engel said.
BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year and its shares are traded on the stock exchanges in Frankfurt, London and Zurich. (AR)
BASF has conducted sustainability assessments on approximately 98 per cent of its entire portfolio of more than 60,000 specific product applications.
The company aims to further increase the proportion of products and solutions, which make a substantial sustainability contribution in the value chain.
BASF has announced a further operational excellence program called DrivE – Drive Efficiency, which will run from 2016 to 2018 and targets an annual earnings contribution of €1 billion by the end of 2018.
From 2010 to 2014, BASF had free cash flow of more than €15 billion and over these five years, BASF paid out €12 billion in dividends.
“We remain committed to deliver attractive returns as our goal is to earn a significant premium on our cost of capital and so we will continue our progressive dividend policy,” CFO Dr. Hans-Ulrich Engel said.
BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year and its shares are traded on the stock exchanges in Frankfurt, London and Zurich. (AR)
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