Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) before special items increased by €150 million to around €1.8 billion. The primary contributors to this development were the Chemicals and Oil & Gas segments, together with Other. The increase was dampened by a considerable earnings decline in the Agricultural Solutions segment.
“The economic environment remained challenging in the third quarter of 2014. Geopolitical tensions and increasing uncertainty about the global economic development significantly dampened demand for chemical products. Nevertheless, sales and earnings of BASF Group increased in the third quarter of 2014,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE.
EBIT grew by €128 million to €1.8 billion compared with the third quarter of the previous year. EBITDA rose by €30 million to €2.5 billion. Income before taxes and minority interests increased by €126 million quarter-on-quarter to €1.6 billion. Because of the higher tax rate and increased minority interests, net income declined by €53 million to €1.0 billion. Earnings per share were €1.14 in the third quarter of 2014, compared with €1.20 in the same quarter of 2013. Adjusted for special items and amortization of intangible assets, earnings per share amounted to €1.27, remaining at the same level as the previous third quarter (€1.28).
Click here to read the complete article at basf.com.
Announcements
Vacancies
- Sales Representative Substrates Peru
- Head Grower – High Technology Organic Greenhouse
- Import and Export Sales Manager
- Sales Manager - US
- Key Account Manager (f/m/d) - Full-time
- Vice President of Growing Operations
- Account Manager - Canada
- Account Manager - United States
- Procurement Manager Blueberries
- International Fruit Trader
Despite declining demand, BASF increases sales and earnings in the third quarter of 2014
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-11-30 Earl Reinink retires from Westbrook Systems
- 2023-11-30 For Rent: Property located in the transport zone Meer in Belgium
- 2023-11-30 British Berry Growers launches campaign and policy board to ensure a sustainable future
- 2023-11-30 Produce are rotting at Johannesburg Fresh Market due to lack of electricity
- 2023-11-30 "CE-Line makes the autonomous measuring of water quality in closed systems possible"
- 2023-11-30 Andrew McIlwan elected Deputy Chair of Protected Cropping Australia
- 2023-11-30 Sara Wexler new CEO of Fresh Leaf
- 2023-11-29 Germany: Joint scaling of harvesting robots
- 2023-11-29 Rosselkhoznadzor limits supplies of seed and planting material from the Netherlands
- 2023-11-29 "Sayuri", the only greenhouse complex in the world located in the permafrost region
- 2023-11-29 “This year we want to reach the English market with our organic products”
- 2023-11-29 NL: Green Simplicity receives green light for 1 ha facility
- 2023-11-28 “We have specialists for this project too"
- 2023-11-28 Martin Stolze preps up to anticipate next growth of international horti
- 2023-11-28 UK: Still time for agri and food-tech businesses to apply for innovation grants of up to £300,000
- 2023-11-28 US (AZ): USDA issues $250k grant to Tucson aquaponic farm
