Issue 6/2022 - The chemical giant's 2021 results at a glance

Chemical giants at a glance at their 2021 results

BASF's sales in 2021 were €78.
6 billion, up 33 percent year-on-year.
EBIT before special items increased by €7.
8 billion year-on-year, more than double that of 2020 and 67%
higher than in 2019.
BASF's positive earnings performance was mainly driven
by the Chemicals and Materials segments.
The Surface Technologies segment and the Industrial Solutions segment also contributed to
the strong recovery.

Dow reported 2021 sales of $55 billion, operating EBIT of $9.
5 billion, improved margins across all operating segments, operating cash flow of $7.
1 billion, and annual return on capital of more than 22%.

Among them, net sales in the fourth quarter were $14.
4 billion, a year-on-year increase of 34%; Operating EBIT was $2.
3 billion, up $1.
2 billion year-over-year.

Celanese earned $17.
06 per diluted share and adjusted earnings per share of $
18.
12 under GAAP.
Net sales of $8.
5 billion in 2021 increased 51% year-over-year, driven by price and volume increases of 39% and 10% year-over-year; Operating cash flow of $1.
8 billion and free cash flow of $1.
3 billion reached record highs
.
Fourth-quarter GAAP diluted earnings per share were $4.
83, adjusted earnings per share were $4.
91, operating cash flow was $584 million and free cash flow was $415 million
.

LG Chem (LG Chem) sales in 2021 were 42.
6547 trillion won (approximately USD 35.
5 billion), a year-on-year increase of 41.
9%; Operating profit was KRW 5.
255 trillion (approximately USD 4.
4 billion), up 178.
4%
year-on-year.
Among them, fourth-quarter sales were 10.
9487 trillion won (about 9.
1 billion US dollars), a year-on-year increase of 23.
0%; Operating profit was KRW 748.
4 billion (approximately USD 600 million), a y/y increase of 521.
2%.

DuPont reported 2021 net sales of approximately $16.
7 billion, up 16% year-over-year, operating EBITDA of $4.
2 billion, up 21% year-over-year, and full-year adjusted earnings per share of $
4.
30.
Among them, net sales in the fourth quarter were $4.
3 billion, an increase of 14% year-over-year; Operating EBITDA was $973 million, up 5%
year-over-year.

Henkel's sales in 2021 amounted to €20.
1 billion, up 7.
8 percent year-on-year; Operating profit of €2.
7 billion, up 4.
2 percent; EBIT margin increased by 13.
4 percent
year-on-year.
Sales in the Adhesive Technologies business unit increased by 13.
4 percent, in the Beauty Care business unit by 1.
4 percent and in the Laundry and Home Care business unit by 3.
9 percent
.

Eastman achieved growth across all businesses in 2021, driving a 24% increase in sales revenue; Strong revenue growth was driven by a 15% increase in selling prices and an 8%
increase in volume/product mix.

Arkema generated sales of €9.
5 billion in 2021, up 25.
9% year-on-year; The 7.
3% increase in sales volume was driven in large part by strong demand for sustainable solutions with high-tech content, particularly in the areas of batteries, 3D printing, consumer goods and more environmentally friendly coatings.
Full-year selling prices increased by 18.
6%, reflecting the Group's aggressive actions in offsetting soaring raw material and energy prices, the improvement of product mix and the shortage of upstream acrylic acid; Against the backdrop of affected operations and high raw material and energy costs, EBITDA reached a record high of €1,727 million, up 46.
1 percent
year-on-year.

DSM sales up 14 percent; Adjusted EBITDA increased 18 percent; Adjusted net profit rose by 21 percent to EUR 858 million
.
Among them, sales in the nutrition field increased by 10% and organic sales increased by 8%; Sales in the Materials segment increased by 27% and organic sales increased by 28%.

Covestro sales rose by 48.
5 percent to €15.
9 billion (2020: €10.
7 billion), a record high; EBITDA more than doubled to €3.
1 billion (2020: €1.
5 billion), mainly due to significantly higher margins.
Net income more than tripled year-on-year to €1.
6 billion (2020: €459 million) and free operating cash flow (FOCF) of €1.
4 billion, also up significantly from €530 million in 2020.
Return on capital employed (ROCE) increased to 19.
5% (2020: 7.
0%)
.

LyondellBasell's sales in 2021 reached $5.
610 billion, a year-on-year increase of 295.
07%; Operating income was 46.
173 billion US dollars, a year-on-year increase of 66.
37%.

Evonik all achieved sales growth, EBITDA and free cash flow of more than 20 percent in 2021, including sales of 15 billion euros
.
All chemicals businesses benefited from continued strong demand and achieved significant growth
.

Solvay full-year 2021 net sales grew organically by 17% to €10.
1 billion, driven by volume growth of 12% and 5% by price increases, with more than half of the full-year impact of price increases felt in the fourth quarter
.
Net sales for the full year increased organically by 4.
4% compared to 2019, reflecting continued momentum
in key markets including automotive and electronics.
Net sales in the fourth quarter increased 22.
4% compared to the same period in 2020 and 17.
1%
compared to the same period in 2019.