in this issue
People & Business :: Companies
Plastics and Oil Drive BASF's First-Quarter Results; Agchems Boost Bayer
April 24, 2008 | Kerri Walsh and Ian Young
BASF reported first-quarter net income up 13%, to about €1.2 billion ($1.89 billion), on sales up 9%, to €15.9 billion led by strong growth the plastics and oil and gas businesses. BASF beat consensus estimates as reported by Vara Research (Frankfurt) by 6%. Ebit before special items rose by 11%, to about €2.4 billion. The chemical business reported Ebit down 7%, to €524 million, on sales up 12%, to €2.6 billion. Earnings fell as a result in a decline in margins for cracker products and decreased plant availability in the petrochemicals...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee