Home / Knowledge / News / Textiles / Sales and earnings better than expected - BASF

Sales and earnings better than expected - BASF

15
Oct '09
BASF announced first figures for the third quarter of 2009. Sales were €12.8 billion and thus 19% less than in the same period of 2008 and 2.4% more than in the second quarter of 2009. The preliminary figure for third-quarter income from operations (EBIT) before special items was €1.25 billion, 20% less than in the same period of 2008 and 9.5% more than in the second quarter of 2009.These figures exceed the consensus analysts' estimates available to BASF.

Furthermore, the integration of the former Ciba activities is proceeding faster than expected and higher special charges will therefore be included in the third quarter.

BASF will present its full third-quarter results including all earning figures at its Fall Conference Call on October 29, 2009.

The earnings improvement in the third quarter reflects BASF's operational strength. Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF SE said: “We have the right strategy. We are seeing the effects of the extensive measures we implemented in good time to adjust capacity utilization rates and to reduce costs. The BASF team worldwide has performed extremely well.” Impulses for growth are coming from Asia, especially China, as well as from parts of South America. Overall, markets have stabilized at a low level.

Economic developments in the coming months remain difficult to predict. “Although the mood is slightly brighter and we are climbing out of the trough, the recovery remains slow and fragile,” said Hambrecht.

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €62 billion in 2008 and had approximately 97,000employees as of the end of the year.

BASF


Must ReadView All

Pic: Better Work

Apparel/Garments | On 24th Oct 2020

Positive change in Cambodian garment sector due to ILO BWP

Cambodian factories receiving the full package of services by Better...

Pic: Awaj Foundation

Apparel/Garments | On 24th Oct 2020

COVID erodes income of a third of Bangla apparel workers

Nearly a third of Bangladeshi garment workers suffered loss of...

Pic: Ralph Lauren

Fashion | On 24th Oct 2020

Ralph Lauren, Parity.org convene group to close gender gap

Ralph Lauren, which designs and markets premium lifestyle products,...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Textile industry, Head honchos

Textile industry
Head honchos

GenNext is slowly but surely adapting to global trends and practices

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search