27 April 2017
DETAILS
Net income rose by €322 million to €1.7 billion.
Earnings per share were €1.86
in the first quarter of 2017,
compared with €1.51 in the same quarter of 2016.
Adjusted for special items and amortization
of intangible assets, earnings per share
amounted to €1.97 (first quarter of 2016: €1.64)
EBIT grew by €585 million to €2.5 billion
compared with the first quarter of 2016
BASF Group’s income from operations (EBIT)
before special items was 29% higher at €2.5 billion.
Of this amount, €2.0 billion was generated by
the chemicals business, which comprises
* the segments Chemicals,
* Performance Products
* and Functional Materials & Solutions.
Earnings in the chemicals business thus grew by 37%.
BASF received an initial insurance payment
of €100 million in connection with the accident
that occurred at the North Harbor
in Ludwigshafen last October.
Around three-quarters of this amount
was recognized in the Chemicals segment.
BASF Group’s sales rose by 19%
in the first quarter of 2017 to €16.9 billion.
In all segments, the positive volume trend
seen in previous quarters was maintained
and led to growth of 8% in sales volumes.
Furthermore, BASF achieved significantly
higher sales prices (up 8%), especially
in the Chemicals segment.
Currency effects and
the Chemetall business acquired from Albemarle
in December 2016
also contributed to the increase in sales.
Dr. Kurt Bock,
Chairman of the Board of Executive Directors of BASF SE
"BASF has had a good start to the year 2017,”
“The demand trends we observed over the course of 2016
continued in the first quarter of this year.”
READ MORE, Q1 2017 KEY FIGURES
Contact BASF
Juliana Ernst
Head of Media Relations
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