Hambrecht: Optimistic about the first quarter. BASFâs total net income more than doubled, to â¬1.1 billion on sales up 25%, to â¬16.4 billion. Ebit before special items rose 19%, to â¬1.8 billion, 8% below the consensus of analystsâ estimates as reported by Vara Research" />
IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Improved Economy Lifts BASF’s Profits; ‘Good Outlook’ for 2011

1:58 PM MST | March 11, 2011 | —Kerri Walsh

Improved economic conditions drove BASF’s fourth-quarter 2010 sales and profit growth. Ebit before special items rose 35%, to €1.2 billion ($1.7 billion) excluding the oil and gas business, on sales up 28%, to €11.9 billion. Hambrecht: Optimistic about the first quarter. BASF’s total net income more than doubled, to €1.1 billion on sales up 25%, to €16.4 billion. Ebit before special items rose 19%, to €1.8 billion, 8% below the consensus of analysts’ estimates as reported by Vara Research...

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