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New business areas strengthen BASF
22 Feb '07
3 min read
• Global economic growth of 3.2 percent and a similar increase in global chemical production (excluding pharmaceuticals)
• An average oil price of around $55/barrel for Brent crude with a downward trend in the following years
• An average euro/dollar exchange rate of $1.30 per euro
• Moderately higher interest rates in the course of the year, primarily in Europe
“In 2007, we want to further expand our position as the world's leading chemical company. We want to further increase BASF's value and again earn an attractive premium on our cost of capital. We will derive additional energy from the newly acquired businesses, from our investments in growth markets and from our broadened research and development activities,” said Hambrecht.
For the full year, BASF expects significantly higher sales in 2007 compared with 2006. This will be driven by both the businesses acquired in 2006 as well as organic growth in the company's existing businesses.
Despite the significant decline in the price of oil and the associated impact on the earnings of the Oil & Gas segment, BASF has set itself the ambitious goal of at least matching the record level of EBIT before special items that it posted in 2006.
Due to the sustained strengthening of its earnings power, BASF expects to at least earn its cost of capital in any given year, irrespective of the economic situation.
Click here to read more:
• An average oil price of around $55/barrel for Brent crude with a downward trend in the following years
• An average euro/dollar exchange rate of $1.30 per euro
• Moderately higher interest rates in the course of the year, primarily in Europe
“In 2007, we want to further expand our position as the world's leading chemical company. We want to further increase BASF's value and again earn an attractive premium on our cost of capital. We will derive additional energy from the newly acquired businesses, from our investments in growth markets and from our broadened research and development activities,” said Hambrecht.
For the full year, BASF expects significantly higher sales in 2007 compared with 2006. This will be driven by both the businesses acquired in 2006 as well as organic growth in the company's existing businesses.
Despite the significant decline in the price of oil and the associated impact on the earnings of the Oil & Gas segment, BASF has set itself the ambitious goal of at least matching the record level of EBIT before special items that it posted in 2006.
Due to the sustained strengthening of its earnings power, BASF expects to at least earn its cost of capital in any given year, irrespective of the economic situation.
Click here to read more:
BASF, Germany
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