• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Digital Printing Makes Significant Inroads into Corrugated Market

    The 2022 Additives Report

    Fujifilm’s New US RxD Dispersion Facility is Key to Growth in Aqueous Inkjet Ink Market

    Jim Leitch Honored with NAPIM’s 2022 Ault Award

    NAPIM Honors Five Industry Leaders with 2022 Pioneer Awards
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Marabu to Present Safe Inks for Indirect Contact with Food at K 2022

    Evonik Increases Production Capacity for ACEMATT Matting Agents

    Avient Signs Agreement to Divest Distribution Business

    ACC Names Mitchell Toomey as VP of Sustainability and Responsible Care

    Integrate Safety and Ergonomics in ROSS Ribbon Blenders
    Whitepapers
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Marabu to Present Safe Inks for Indirect Contact with Food at K 2022

    Nazdar Highlights Ink Innovation at Labelexpo Americas 2022

    Cyngient, Imageworx Partner at Labelexpo for Security Labeling

    Roland DG Corporation to Relocate HQ to Miyakoda, Japan

    Gallus Launches Gallus One, Its First Fully Digital Inkjet Label Press
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Evonik Increases Production Capacity for ACEMATT Matting Agents

    Evonik Enjoys 31% Growth in 1H 2022

    Quinacridone Pigments Market Size Projected to Reach $539 Million by 2030: Straits

    Chemours Details Progress in Fifth Corporate Responsibility Commitment Report

    BASF Enters Power Agreements in US for Clean Energy Supply
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Integrate Safety and Ergonomics in ROSS Ribbon Blenders

    Paul N. Gardner Offers Bacharach Sling Psychrometer

    Little Joe Industries

    IM GROUP Wins Best Industrial Tinting System Award for Ninth Consecutive Year

    ROSS Planetary Dual Dispersers Offer Unique Processing Flexibility
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Hockmeyer Equipment Corp.

    Custom Milling and Consulting

    Evonik Corporation

    Munzing

    DCL CORPORATION
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Labelexpo Americas 2022
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    BASF Group Increases Sales in 1Q 2019

    Sales of €16.2 billion are up 3%, with EBIT before special items down 24% at €1.7 billion.

    BASF Group Increases Sales in 1Q 2019
    Related CONTENT
    • BASF Realigning Global Business Services Unit
    • BASF, SINOPEC Expand Capacity for Neopentylglycol in Nanjing, China
    • BASF Atop ICIS Top 100 Chemical Companies Listing
    • BASF Increasing Diols, Derivatives Prices in North America
    • BASF, Idemitsu JV Ceasing Operation of Production Plant for 1,4 Butanediol in Chiba, Japan
    05.06.19
    BASF reported its first quarter 2019 results.
     
     “In the first quarter of 2019, BASF Group sales rose by 3% year on year to €16.2 billion,” said Dr. Martin Brudermüller, chairman of the Board of Executive Directors of BASF SE, at the company’s Annual Shareholders’ Meeting.
     
    Compared with the first quarter of 2018, income from operations (EBIT) before special items declined by €549 million to €1.7 billion.
     
    “As expected, this is primarily due to the considerably lower contributions from the Materials and Chemicals segments. In these segments, we had exceptionally high isocyanates margins and strong cracker margins in the first quarter of the previous year,” said Brudermüller.
     
    Prices declined by 2% compared with the prior first quarter, which was attributable mainly to the businesses with isocyanates and cracker products. Higher prices in the Surface Technologies, Agricultural Solutions and Industrial Solutions segments could only partially offset the expected price decline in the Materials and Chemicals segments. Owing to the overall cautious ordering behavior of customers, sales volumes at the BASF Group were down by 4%.
     
    The sales growth was mainly driven by portfolio effects in the Agricultural Solutions segment resulting from the acquisition of significant businesses and assets from Bayer in August 2018. Currency effects also had a positive impact on sales in all segments.
     
    Net income declined by €273 million to €1.4 billion. Earnings per share amounted to €1.53 in the first quarter of 2019 (first quarter of 2018: €1.83). Earnings per share adjusted for special items and amortization of intangible assets amounted to €1.65 (first quarter of 2018: €1.93).
     
    In the first quarter of 2019, cash flows from operating activities amounted to €373 million, €858 million below the figure for the prior-year quarter.  Free cash flow declined from €604 million in the prior-year quarter to minus €368 million, mainly as a result of lower cash flows from operating activities.
     
    Business development in the segments in the first quarter 2019
     
    Sales in the Chemicals segment (comprising Petrochemicals and Intermediates) declined by 13% compared with the first quarter of 2018 to €2.5 billion. The Petrochemicals division in particular saw a considerable decline in sales, while the Intermediates division recorded a slight decrease. Sales development was driven by lower volumes and prices in both divisions.
     
    In the Materials segment (comprising Performance Materials and Monomers), sales of €2.9 billion were down by 15% compared with the first quarter of 2018. The sales decline was seen in both the Monomers and Performance Materials divisions and was primarily due to lower isocyanates prices in the Monomers division.
     
    EBIT before special items declined considerably in both divisions, coming in at €323 million compared with €816 million in the previous first quarter. This was mainly a result of lower isocyanates margins in the Monomers division. In the Performance Materials division, higher margins were unable to compensate for the lower volumes, primarily in the automotive sector.
     
    In the Industrial Solutions segment (comprising Dispersions & Pigments and Performance Chemicals), sales of €2.2 billion were 2% lower than in the prior-year quarter. Sales in the Dispersions & Pigments division were on a level with the first quarter of 2018, while sales in the Performance Chemicals division declined slightly. The year-on-year decrease was primarily due to the transfer of BASF’s paper and water chemicals business, which was previously reported under Performance Chemicals, to the Solenis group.
     
    The Industrial Solutions segment increased EBIT before special items by 15% compared with the first quarter of 2018 to €264 million. This was primarily attributable to considerably higher EBIT before special items in the Performance Chemicals division as a result of higher prices, volumes growth and positive currency effects. The Dispersions & Pigments division also slightly increased EBIT before special items, mainly due to higher prices and positive currency effects.
    Related Searches
    • chemicals
    • monomers
    • sales
    • basf
    Related Knowledge Center
    • Resins
    • Flushed Colors and Pigments
    • Metallics and Special Effects Pigments
    Suggested For You
    BASF Realigning Global Business Services Unit BASF Realigning Global Business Services Unit
    BASF, SINOPEC Expand Capacity for Neopentylglycol in Nanjing, China BASF, SINOPEC Expand Capacity for Neopentylglycol in Nanjing, China
    BASF Atop ICIS Top 100 Chemical Companies Listing BASF Atop ICIS Top 100 Chemical Companies Listing
    BASF Increasing Diols, Derivatives Prices in North America BASF Increasing Diols, Derivatives Prices in North America
    BASF, Idemitsu JV Ceasing Operation of Production Plant for 1,4 Butanediol in Chiba, Japan BASF, Idemitsu JV Ceasing Operation of Production Plant for 1,4 Butanediol in Chiba, Japan
    BASF Group: EBIT Before Special Items Declines in 2Q 2020 BASF Group: EBIT Before Special Items Declines in 2Q 2020
    BASF Calculates CO2 Footprint of All Sales Products BASF Calculates CO2 Footprint of All Sales Products
    Nina Schwab-Hautzinger to Lead Corporate Communications, Gov Nina Schwab-Hautzinger to Lead Corporate Communications, Gov't Relations at BASF
    BASF, Vertrauen Chemie Solutions Create Aliphatic Isocyanate Isotainer Depot BASF, Vertrauen Chemie Solutions Create Aliphatic Isocyanate Isotainer Depot
    BASF Group: Operating Result in 2Q 2020 Above Market Expectations BASF Group: Operating Result in 2Q 2020 Above Market Expectations
    Kurt Bock Elected Chairman of BASF SE Supervisory Board Kurt Bock Elected Chairman of BASF SE Supervisory Board
    Resins Market  Still Growing Despite  COVID-19 Uncertainty Resins Market Still Growing Despite COVID-19 Uncertainty
    BASF Donates 800 Gallons of Hand Sanitizer to Fight COVID-19 in Ohio BASF Donates 800 Gallons of Hand Sanitizer to Fight COVID-19 in Ohio
    Ingevity Reports First Quarter 2019 Financial Results Ingevity Reports First Quarter 2019 Financial Results
    Evonik Posts Strong Growth in 2018 Evonik Posts Strong Growth in 2018

    Related Breaking News

    • Breaking News | Personnel | Suppliers News
      BASF Realigning Global Business Services Unit

      BASF Realigning Global Business Services Unit

      Global concept to bundle service offerings for units in BASF Group.
      Ink World staff 09.25.20

    • Additives | Breaking News | Suppliers News
      BASF, SINOPEC Expand Capacity for Neopentylglycol in Nanjing, China

      BASF, SINOPEC Expand Capacity for Neopentylglycol in Nanjing, China

      Annual capacity to reach 80,000 metric tons per year.
      Ink World staff 09.22.20

    • Additives | Breaking News | Energy-Curable Materials | Flushed Colors and Pigments | Industry News | Resins | Suppliers News
      BASF Atop ICIS Top 100 Chemical Companies Listing

      BASF Atop ICIS Top 100 Chemical Companies Listing

      Reported sales of $66.6 billion in 2019.
      Ink World staff 09.08.20


    • Additives | Breaking News | Price Increases | Suppliers News
      BASF Increasing Diols, Derivatives Prices in North America

      BASF Increasing Diols, Derivatives Prices in North America

      BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers.
      Ink World staff 09.01.20

    • Additives | Breaking News | Suppliers News
      BASF, Idemitsu JV Ceasing Operation of Production Plant for 1,4 Butanediol in Chiba, Japan

      BASF, Idemitsu JV Ceasing Operation of Production Plant for 1,4 Butanediol in Chiba, Japan

      Closure planned for December 2020. The joint venture agreement between BASF and IKC will be terminated thereafter.
      Ink World staff 08.21.20

    Loading, Please Wait..
    Trending
    • Kodak Reports 2Q 2022 Financial Results
    • Cyngient, Imageworx Partner At Labelexpo For Security Labeling
    • BASF Breaks Ground On Riverfront Park In East Newark
    • DIC Reports Consolidated Financial Results 1H 2022
    • Gallus Launches Gallus One, Its First Fully Digital Inkjet Label Press
    Breaking News
    • Avient Signs Agreement to Divest Distribution Business
    • Marabu to Present Safe Inks for Indirect Contact with Food at K 2022
    • Evonik Increases Production Capacity for ACEMATT Matting Agents
    • ACC Names Mitchell Toomey as VP of Sustainability and Responsible Care
    • Integrate Safety and Ergonomics in ROSS Ribbon Blenders
    View Breaking News >
    CURRENT ISSUE

    July 2022

    • Digital Printing Makes Significant Inroads into Corrugated Market
    • The 2022 ink Additives Report
    • Fujifilm’s opens new US RxD dispersion facility in Delaware
    • Jim Leitch Honored with NAPIM’s 2022 Ault Award
    • NAPIM Honors Five Industry Leaders with 2022 Pioneer Awards
    • Anthony Ameo receives NAPIM Pioneer Award
    • Larry Bykerk receives NAPIM Pioneer Award
    • Bill McPartland receives NAPIM Pioneer Award
    • Dave Savastano receives NAPIM Pioneer Award
    • Dennis Sweet receives NAPIM Pioneer Award
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Vitamin K2 May Ameliorate Polycystic Ovary Syndrome
    Vitamin D May Prevent Changes to Liver Enzymes and Lipid Profile After Exhaustive Exercise
    Omega-3 Fatty Acids Linked to Reduced Episodes of Depression
    Coatings World

    Latest Breaking News From Coatings World

    Integrating Safety and Ergonomics in ROSS Ribbon Blenders
    Nouryon Enters into Exclusive Agreement with Brenntag Specialties
    The BEHR & KILZ Brands Partner with Leanne Ford to Revitalize Her Historic American Home
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    NeuroPace Becomes Exclusive U.S. Distributor of DIXI’s Product Line
    TransMed7 Achieves First-in-Human for Heron Soft Tissue Biopsy Devices
    West Pharmaceutical Services Invests in Latch Medical
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Societal CDMO Inks Land Sell Deal
    RoosterBio and AGC Biologics to Accelerate Manufacturing of Cell and Exosome Therapies
    WuXi Advanced Therapies Enters Licensing Agreement with Janssen
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Johnson & Johnson to Discontinue Global Sales of Talc-Based Baby Powder
    Dr. Squatch To Launch a 2nd Star Wars Soap Collection
    Neopac Wins 2 European Tube Manufacturers Association Awards
    Happi

    Latest Breaking News From Happi

    Coveteur Co-founder Erin Makes Foray into Skincare Space
    The Body Shop Canada Continues Expansion of New Concept Stores
    Nutrafol Expands Hair Care with Strand Defender Conditioner
    Ink World

    Latest Breaking News From Ink World

    Integrate Safety and Ergonomics in ROSS Ribbon Blenders
    Leadership Change in ALTANA’s ELANTAS Division
    Nazdar Highlights Ink Innovation at Labelexpo Americas 2022
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI partners with Convergen Energy at Labelexpo
    FINAT reports decrease in labelstock consumption during first half of 2022
    Color-Logic partners to feature metallics at autumn events
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Because Market Expands into Retail Stores
    Tranzonic Acquired by Private Investment Firm
    Monadnock Earns EcoVadis Gold Rating
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Integra LifeSciences Founder Dr. Richard Caruso Passes Away
    FDA Clears CTL Amedica's Navigation Instrument System
    FundamentalVR Raises $20 Million in Series B Funding
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    SEMI Appoints John Cooney to Lead Global Advocacy and Public Policy
    NMBS/SNCB Improves Security With HID Global’s Real-Time Location Service Technology
    onsemi Celebrates Expansion of Silicon Carbide Production Facility in New Hampshire

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login