IHS Chemical Week

BASF posts higher earnings, flat sales; sees no upturn in Q4

11:43 AM MDT | October 25, 2013

BASF today reported an 18.5% increase in third-quarter net income to €1.1 billion ($1.5 billion) on 1.5% higher sales of €17.7 billion. Ebitda was 16.5% higher at €2.5 billion and earnings before interest and tax (Ebit) rose 20% to €1.7 billion. “The increase in earnings was largely due to higher contributions from the functional materials and solutions and performance products segments in addition to lower charges in ‘other’,” said Kurt Bock, chairman. BASF in its third quarter results under ‘Other’ includes charges for the long-term...

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