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    Home > Chemicals Industry > Rubber Plastic News > BASF's third-quarter revenue of 15.2 billion euros fell 2% year-on-year

    BASF's third-quarter revenue of 15.2 billion euros fell 2% year-on-year

    • Last Update: 2022-08-18
    • Source: Internet
    • Author: User
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    According to BASF's quarterly earnings report released on October 24, the BASF Group's sales in the third quarter of 2019 were 12 billion euros, a slight decrease (down 2%) compared to the same period last ye.


    EBIT before special items was 1 billion euros, down 24 percent from a year earlier, mainly due to significantly lower earnings in the Materials and Chemicals business ar.


    Earnings before interest, tax, depreciation and amortization rose to 3 billion euros, compared with 2 billion euros in the same period last ye.


    EBIT was 4 billion euros, which was basically the same as the same period in 201 Special items in EBIT in the third quarter totaled EUR 257 million, compared with a negative EUR 75 million in the same period in 201 This was mainly attributable to the considerable income from the sale of BASF's stake in the Klybeck site in Basel, Switzerland, which offset the special charges arising from the restructuring of the company, the integration of Bayer's acquired businesses and the divestiture of asse.


    Net income amounted to EUR 911 million, compared with EUR 2 billion in the third quarter of 201

    Earnings per share fell to 1 euro from 31 euros a year earli.


    Cash flow from operating activities was EUR 0 billion, compared with EUR 9 billion in the third quarter of 201 Free cash flow fell to EUR 1 billion, mainly due to lower cash flow from operating activiti.


    BASF systematically and rapidly implements new strategy

    BASF systematically and rapidly implements new strategy

    The global geopolitical environment will continue to challenge BA.


    Brummeller said: “The unfavorable environment is beyond our contr.


    2019 was a turning year for BA.


    BASF is rapidly advancing its corporate strategy announced a year a.


    Accelerates 'Excellence' projects

    Accelerates 'Excellence' projects

    .


    The greatest contribution to the "Excellence" project will come from production, logistics and planni.


    BASF Group Outlook 2019

    BASF Group Outlook 2019

            Brudermüller confirmed the BASF Group's full-year outlook for 2019, that is, BASF's full-year sales are expected to decline slightly; EBIT before special items is expected to decline by up to 30%; 2019 full-year return on capital (ROCE) will be significantly lower than th.


            The company slightly adjusted its base oil price forecast: In 2019, BASF expects an average crude oil price (Brent) of $65 a barrel (previously $7


            Other forecasts for the global economic environment remain unchanged (GDP growth: 5%; industrial production growth: 5%; chemical production growth: 5%; average EUR/USD exchange rate at 1 EUR = 15 US.


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