IHS Chemical Week

People & Business :: Earnings/Finance

BASF posts higher earnings, flat sales; says no economic upturn in fourth quarter

1:26 AM MDT | October 25, 2013 | Natasha Alperowicz

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’...

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