-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Recently, Dr.
Martin Brudermüller, Chairman of the Executive Board of BASF Europe, announced its financial results for the third quarter.
The company continued its previous strong performance, and the market demand for BASF products remained stable in the summer
.
Beaumuller said: “Stable market demand guarantees the continued growth of our revenue
He analyzed that this increase in sales was mainly due to the substantial increase in prices in various business areas, especially the increase in price levels in the chemical business area, surface treatment technology business area, and material business area
.
The increase in sales in almost all business areas also drove sales growth
It is reported that the company's EBIT in the third quarter excluding special items was 1.
9 billion euros, an increase of 1.
3 billion euros over the same period last year
.
This is mainly due to the significant increase in EBIT in the chemicals business field, excluding special items; the materials business field, industrial solutions business field and other business fields have also increased significantly, which has also increased revenue to a certain extent
BASF expects that supply chain bottlenecks in the fourth quarter of 2021 will continue to have a negative impact on the global economic recovery
.
Based on the Group's steady performance and the expected business growth (especially in the chemical business and materials business) derived from stable demand, the outlook for the 2021 fiscal year is adjusted as follows: sales are expected to increase to 76 billion to 78 billion euros; Earnings before interest and taxes excluding special items are expected to be 7.
