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The production site of the BASF chemical group in Lufwigshafen. Photo: Andreas Arnold
Source: dpa-infocom GmbH
With good oil and gas activity in the second quarter, BASF is offsetting difficulties in other areas. But global economic risks would have increased, stresses the chemical company.
L udwigshafen (dpa / lrs) – Higher prices and second-quarter sales volumes of the BASF chemical group
Sales rose 3% year-on-year to under 16.8 billion The company Dax announced Friday in Ludwigshafen. Adjusted earnings before interest and taxes (EBIT) increased by 5% to 2.4 billion euros
While the chemistry and gas business was much better, the Materials and Functional Solutions division has again recorded a rise in commodity prices create. The company includes catalysts, construction chemicals and automotive coatings. On the other hand, BASF once again earned a little more in the agrochemical sector.
After taxes and minority interests, BASF realized just under 1.5 billion euros. It was almost as much as at the same time last year. The strong euro had consumed some of the sales growth, he added. For the full year, the company expects a slight increase in sales
However, global economic risks have increased, according to the report in reference to the commercial disputes between the USA and China as well as the USA and Europe. and higher gas prices and higher sales volumes allowed Kbadel 's subsidiary Wintershall' s quarterly operating results to more than double year – on – year. The agrochemical industry wants to expand the Ludwigshafener by a deal of one billion. BASF will support some crop protection products, some types of seeds and the digital agriculture business of its competitor Bayer.
BASF is also in full swing elsewhere. For example, Brudermüller plans the biggest investment in its history so far in China. The construction of a new Verbund site by the year 2030 could cost up to 10 billion US dollars (about 8.5 billion euros).
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