Weaker Economy Dents BASF's Fourth-Quarter Profits, but Earnings and Sales Growth Are Forecast for 2012

BASF posted a 3% increase in fourth-quarter 2011 net income compared with the same period of 2010, to €1.13 billion on sales up 10%, to €18.1 billion. Earnings per share (EPS) increased 2.5% year on year, to €1.23. However, fourth-quarter Ebit before special items fell 14%, to €1.5 billion. The lower Ebit figure reflects "the slowing of the economy over the course of the year," BASF says. "The trend that the company observed at the beginning of the second half of the year continued. Customers were more cautious in their...

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