Citation
(2003), "BASF significantly increases earnings", Pigment & Resin Technology, Vol. 32 No. 4. https://doi.org/10.1108/prt.2003.12932dab.018
Publisher
:Emerald Group Publishing Limited
Copyright © 2003, MCB UP Limited
BASF significantly increases earnings
BASF significantly increases earnings
In 2002, BASF maintained its global leadership in the chemical industry. Sales of 32.2 billion EUR were about the same level as in 2001. EBIT before special items climbed more than 25 per cent to 2.88 billion EUR. Despite the tense situation in important customer industries, sales volumes of BASF products increased significantly. Even so, the positive growth in volumes of almost 8 per cent could not fully offset negative price and currency effects. Sales in the chemicals segment rose more than 18 per sent in 2002. EBIT before special items grew more than 250 million EUR up to 676 million EUR. Sales in the performance products segment were down slightly. Increased volumes were unable to compensate for continuing pressure on prices and negative currency effects. Nevertheless, EBIT before special items was 653 million EUR, up more than 250 million EUR compared with the previous year.