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BASF Group releases preliminary results for the fourth quarter and full year of 2020

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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Q4 2020:

● Sales are expected to be EUR 15,905 million (Q4 2019: EUR 14,686 million), higher than the same period last year and the analyst consensus

● EBIT before special items is expected to be EUR 1,113 million (Q4 2019: EUR 842 million), higher than the year-ago period and the analyst consensus

● EBIT is expected to be EUR 932 million (Q4 2019: EUR 579 million), higher than the year-ago period and the analyst consensus

2020 full year data:

● Sales are expected to be 59.
149 billion euros (2019: 59.
316 billion euros), lower than the previous year and above analysts’ consensus forecasts and BASF’s forecast

● EBIT before special items is expected to be EUR 3,560 million (2019: EUR 4,643 million), lower than the previous year and higher than the consensus forecast of analysts and BASF

● EBIT is expected to be negative 191 million euros (2019: 4.
201 billion euros), lower than the previous year and above analysts’ consensus forecast

BASF has released preliminary results for the fourth quarter and full year of 2020

The operating performance of the BASF Group in the fourth quarter of 2020 was better than expected

In the fourth quarter of 2020, EBIT before special items in the Materials, Chemicals and Industrial Solutions business areas significantly exceeded the average analyst forecast

For the full year 2020, the BASF Group’s EBIT before special items is expected to be 3.
560 billion euros, higher than the October 2020 forecast in the range of 3.
0 billion to 3.
3 billion euros and slightly above analysts’ top forecasts

The BASF Group’s EBIT in the fourth quarter of 2020 is expected to be EUR 932 million, which is higher than the same period last year (Q4 2019: EUR 579 million) and analysts’ consensus forecast

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