BASF increased sales and earnings in 2013

BASF increased sales and earnings in 2013

German chemical giant BASF increased sales to EUR 74.0 billion (+ 3.0 %) and EBIT for all segments and before special items amounted to EUR 7.2 billion (+8.0 %)

The Chemicals segment’s sale in the 4th quarter decreased by 5 % to EUR 4.2 billion, but EBIT rose by EUR 65 million to EUR 510 million. Sales for the full year 2013 declined by 5 % to EUR 17 billion, on account of lower prices and negative currency effects. EBIT, before special items, decreased by EUR 56 million to EUR 1.4 billion.

Sales in Performance Products were stable at around EUR 3.7 billion, higher volumes compensated for lower prices and negative currency effects. EBIT before special items increased by EUR 33 million to EUR 216 million due to higher volumes and improved margins. Despite higher volumes, sales in all of 2013 decreased by 1 % to EUR 15.5 billion and EBIT dropped by EUR 56 million to EUR 1.4 billion.

Functional Materials and Solutions’ sales decreased by 1 % to EUR 4.1 billion in the 4th quarter, higher volumes were offset by negative currency effects. Healthy demand from the automotive industry led to the volume growth. EBIT, before special items increased by EUR 10 million to EUR 238 million, thanks to higher earnings in the Catalysts and Coatings division. Sales for the full year rose b 1 % to close to EUR 17.3 billion, primarily due to higher volumes. EBIT, before special items of about EUR 1.1 billion was EUR 138 million above the previous year.

Agricultural Solutions’ sales increased in the seasonally slow quarter by 1 % to EUR 890 million and for the full year sales grew 12 % to EUR 5.2 billion. The quarterly EBIT, before special items, doubled to EUR 67 million due to higher margins and the acquisition of Becker Underwood. EBIT 2013, before special items increased by EUR 185 million to EUR 1.2 billion, primarily thanks to higher volumes and prices.

Oil & Gas segment sales grew 10 % to EUR 4.2 billion in the 4th quarter and for the full year it rose by 16 % to around EUR 14.8 billion, mainly due to increased volumes and EBIT, before special items amounted to almost EUR 2 billion. Net income improved EUR 579 million to around EUR 1.8 billion.

Other sales increased in the quarter by 7 % to EUR 1.1 billion and for all of 2013 sales grew by 3 % to EUR 4.2 billion. EBIT, before special items, improved to minus EUR 618 million, compared to minus EUR 790 million in 2012.

www.basf.com


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