• 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
    The 2020 Year in Review

    2020 UV/EB Report

    Sustainability and the Raw Material Market

    COVID-19 Takes a Toll on the Publication Ink Market

    Circular Economy is Focus of NAPIM Ink Week’s Technical Conference
    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
    Top News
    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    Techkon USA, Konica Minolta Partner

    Alon Bar-Shany Appointed Chairman of Highcon Board

    Crown Investing in 6th Can Plant in Brazil

    CCL Industries Announces Appointment, Retirement of Directors
    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

    Techkon USA, Konica Minolta Partner

    Crown Investing in 6th Can Plant in Brazil

    CCL Industries Announces Appointment, Retirement of Directors

    Mondi Celebrates 8 Wins at 2021 WorldStar Packaging Awards

    ProAmpac Announces New Investment from Pritzker Private Capital
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    UFlex Chemicals Business Secures India Patent for New Process to Derive Epoxy Ester Resin

    Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research

    Avient Expanding Color Concentrate Capabilities in Vietnam

    Stacy Lancaster Cozad Named Ingevity EVP, General Counsel

    OQ Chemicals Increasing Oxo Intermediates Prices in the Americas
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Techkon USA, Konica Minolta Partner

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

    RadTech Elects New President, Board Members

    RadTech North America Joins US Plastics Pact
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Specialty Polymers, Inc.

    Custom Milling and Consulting

    Kerley Ink

    ALVAR Inc. /ALVAR Resins, Inc

    BASF Corporation
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Labelexpo Americas/Brand Print Americas 2021

    Eastern Coatings Show 2021

    Coatings Expo Vietnam 2021

    PRINTING United Expo 2021
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • 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 Sales Slightly Lower in 2Q 2019

    EBIT before special items was considerably below prior-year quarter at €1 billion, a decline of 47%.

    BASF Group Sales Slightly Lower in 2Q 2019
    Related CONTENT
    • The Metallic and Special Effect Pigment Market
    • BASF’s Supervisory Board Extends Appointment of Three Board Members
    • Technology Experts from Chemical Industry Want to Reduce CO2 Emissions Through Collaboration
    • BASF Group: EBIT Before Special Items in Q2 2019 Considerably Below Expectations
    • BASF to Reshape Organization
    07.25.19
    BASF reported its financial results for the second quarter of 2019. 
     
    The macroeconomic environment became challenging for BASF in the second quarter of 2019. “There is currently high uncertainty, low visibility and poor predictability,” said Dr. Martin Brudermüller, chairman of the Board of Executive Directors of BASF SE, during a conference call. “Our second-quarter results clearly reflect this.”
     
    Compared with the second quarter of the previous year, sales decreased by 4% to €15.2 billion. Prices were down by 2%, mainly driven by the isocyanates and cracker products businesses. Sales volumes declined by 6%. 
     
    All segments recorded lower volumes, except for Nutrition & Care. The decline was most pronounced in the Chemicals and Agricultural Solutions segments. 
     
    EBITDA before special items decreased by 27% to €2 billion. EBIT before special items came in at €1 billion, 47% lower than in the prior-year period.
     
    The global trade conflicts, particularly between the US and China, are a serious concern for the company. 
     
    “We followed the general assessment that a solution would be found by the middle of the year. But now it seems the situation will not ease for some time,” said Brudermüller. “Unfortunately, many of these did not materialize and we therefore had to lower our outlook.” said Brudermüller.
     
    Dr. Hans-Ulrich Engel, CFO of BASF SE, discussed the second-quarter figures. As in the entire first half of 2019, earnings in the second quarter of 2019 were significantly negatively impacted by the lower volumes and margins in the Chemicals and Materials segments. “In total, the two segments accounted for 83% of the overall earnings decline in the second quarter of 2019,” Engel said.
     
    Net income amounted to €6.5 billion, compared with €1.5 billion in the second quarter of 2018. Reported earnings per share increased from €1.61 to €7.03 in the second quarter of 2019. This was due to the book gain from the deconsolidation of Wintershall following the closing of the merger of Wintershall and DEA.
     
    The cash flows from operating activities came in at €1.9 billion, compared with €2.2 billion in the second quarter of 2018. The free cash flow decreased by 31% to €965 million.
     
     “The global economic risks have increased significantly during recent months,” said Brudermüller. “This has been driven by geopolitical developments and the ongoing trade conflicts between the United States and its trading partners. These conflicts will not be resolved in the near future and are causing a noticeable slowdown in macroeconomic growth around the world, particularly in China.”
    Related Searches
    • chemicals
    • Additives
    • basf
    • sales
    Related Knowledge Center
    • Energy-Curable Materials
    • Resins
    • Flushed Colors and Pigments
    Suggested For You
    The Metallic and Special Effect Pigment Market The Metallic and Special Effect Pigment Market
    BASF’s Supervisory Board Extends Appointment of Three Board Members BASF’s Supervisory Board Extends Appointment of Three Board Members
    Technology Experts from Chemical Industry Want to Reduce CO2 Emissions Through Collaboration Technology Experts from Chemical Industry Want to Reduce CO2 Emissions Through Collaboration
    BASF Group: EBIT Before Special Items in Q2 2019 Considerably Below Expectations BASF Group: EBIT Before Special Items in Q2 2019 Considerably Below Expectations
    BASF to Reshape Organization BASF to Reshape Organization
    BASF Announces Personnel Changes BASF Announces Personnel Changes
    BASF Improves Supply of Attapulgite-Based Additives BASF Improves Supply of Attapulgite-Based Additives
    The European  Pigment Industry  Heads for a  Major Shakeup The European Pigment Industry Heads for a Major Shakeup
    Eastern Coatings Show Ends on a High Note Eastern Coatings Show Ends on a High Note
    BASF Group Increases Sales in 1Q 2019 BASF Group Increases Sales in 1Q 2019
    BASF Launches Vinyl Monomer for UV Curing Products in Printing, Coatings Industries BASF Launches Vinyl Monomer for UV Curing Products in Printing, Coatings Industries
    BASF Posts Slight Increase in 2018 Sales BASF Posts Slight Increase in 2018 Sales

    Related Breaking News

    • Breaking News | Energy-Curable Materials | Financial News | Flushed Colors and Pigments | Metallics and Special Effects Pigments | Resins | Suppliers News

      BASF Group Releases Preliminary Figures for 4Q 2020 and FY 2020

      Sales increased by 8% in the fourth quarter of 2020 to €15,905 million.
      Ink World Staff 01.21.21

    • Breaking News | Ink Manufacturers News | Printers News | Resins
      UFlex Chemicals Business Secures India Patent for New Process to Derive Epoxy Ester Resin

      UFlex Chemicals Business Secures India Patent for New Process to Derive Epoxy Ester Resin

      A first-ever for the company’s Chemical Business.
      Ink World staff 01.20.21

    • Breaking News | Flushed Colors and Pigments | Market Research
      Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research

      Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research

      Projected to register a CAGR of 4.5% during the mentioned period of forecast – 2019 to 2027.
      Transparency Market Research 01.19.21


    • Breaking News | Flushed Colors and Pigments | Ink Manufacturers News | Suppliers News
      Avient Expanding Color Concentrate Capabilities in Vietnam

      Avient Expanding Color Concentrate Capabilities in Vietnam

      Move will improve speed-to-market and service level for local customers seeking unique color solutions.
      Ink World staff 01.15.21

    • Breaking News | Personnel | Resins | Suppliers News
      Stacy Lancaster Cozad Named Ingevity EVP, General Counsel

      Stacy Lancaster Cozad Named Ingevity EVP, General Counsel

      The general counsel role became vacant with the retirement of Katherine C. Burgeson on Aug. 1, 2020.
      Ink World staff 01.13.21

    • Additives | Breaking News | Price Increases | Suppliers News
      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      Due to strong demand and increasing raw material costs.
      Ink World staff 01.13.21


    • Breaking News | Energy-Curable Materials | Energy-Curing Equipment | UV and EB Inks
      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      UV+EB technology industry tech-education accelerator focused on unique and novel ultraviolet and electron beam technologies.
      Ink World staff 01.13.21

    • Breaking News | Energy-Curable Materials | Personnel | Resins | Suppliers News
      IGM Resins Appoints Wilfrid Gambade as CEO

      IGM Resins Appoints Wilfrid Gambade as CEO

      Gambade leads IGM Resins’ Global Executive Leadership team and succeeds Edward Frindt as CEO.
      Ink World staff 01.11.21

    • Breaking News | Energy-Curable Materials | Energy-Curing Equipment | Ink Manufacturers News | Personnel | Suppliers News | UV and EB Inks
      RadTech Elects New President, Board Members

      RadTech Elects New President, Board Members

      Susan Bailey of Michelman elected as president.
      Ink World staff 01.08.21


    • Breaking News | Price Increases | Resins | Suppliers News
      WACKER POLYMERS Raising Dispersions, Solid Resins Prices in EMEA

      WACKER POLYMERS Raising Dispersions, Solid Resins Prices in EMEA

      Effective Feb. 1, 2021, dispersions prices raised by up to €80 euros per metric tons; polyvinyl alcohol solutions, solid resins up to €100 per metric ton.
      Ink World staff 01.07.21

    • Breaking News | Flushed Colors and Pigments | Suppliers News
      Chemours Prepared to Support US Industry with Next-Gen, Low Global Warming Potential Technologies

      Chemours Prepared to Support US Industry with Next-Gen, Low Global Warming Potential Technologies

      AIM Act is expected to deliver $38 billion in economic benefit to the US by 2027.
      Ink World staff 01.07.21

    • Additives | Breaking News | Flushed Colors and Pigments | Resins | Suppliers News
      Eastern Coatings Show Organizers Call for Papers

      Eastern Coatings Show Organizers Call for Papers

      ECS is set for June 9-11 at Harrah’s Resort in Atlantic City.
      Ink World staff 01.05.21


    • Additives | Breaking News | Personnel | Suppliers News | Vehicles and Varnishes
      Inksolutions Names John Jilek Jr. President, COO

      Inksolutions Names John Jilek Jr. President, COO

      Dan Delegge retired from inksolutions as of Dec. 31, 2020.
      Ink World Staff 01.04.21

    • Breaking News | Energy-Curable Materials | Energy-Curing Equipment | Industry News | Ink Manufacturers News | Printers News | Suppliers News | UV and EB Inks
      RadTech North America Joins US Plastics Pact

      RadTech North America Joins US Plastics Pact

      The US Plastics Pact will unify approaches to rethink the way we design, use, and reuse plastics.
      Ink World Staff 01.04.21

    • Breaking News | Market Research | Metallics and Special Effects Pigments | Suppliers News
      Aluminum Pigments Market Expected to Reach $706 Million By 2027: Transparency Market Research

      Aluminum Pigments Market Expected to Reach $706 Million By 2027: Transparency Market Research

      Projected to grow at a CAGR of nearly 6.6% between 2019 and 2027.
      Transparency Market Research 01.04.21

    Trending
    • INX Introduces GelFlex-EB Inks For Flexible Packaging
    • Lautenberg Chemical Safety Act Is Impacting The Ink Industry
    • HP Announces Executive Leadership Appointments
    • INX International Enhances Technical Services Offering To Commercial, Package Printers
    • British Coatings Federation Welcomes FTA, Calls For More Significant Changes To UK REACH
    Breaking News
    • Kodak Launches KODACOLOR RDTG Series Direct to Garment Inks
    • Alon Bar-Shany Appointed Chairman of Highcon Board
    • Techkon USA, Konica Minolta Partner
    • dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    • Markem-Imaje Launches New Low Odor Ink
    View Breaking News >
    CURRENT ISSUE

    November/December 2020

    • The 2020 Year in Review
    • 2020 UV/EB Report
    • Sustainability and the Raw Material Market
    • COVID-19 Takes a Toll on the Publication Ink Market
    • Circular Economy is Focus of NAPIM Ink Week’s Technical Conference
    • Kacy Schultz – Sun Chemical Corporation
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Ink Manufacturers Find Opportunities in Color Management
    • From the Twin Cities to Beyond: Minnesota-based Meyers Serves Fortune 500 Companies
    • Agfa Continues to Expand in UV, Water-Based Inkjet Ink Segments
    • 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

    NIH Study Compares Low-Fat, Plant-based to Low-Carb, Animal-Based Diet
    Gadot Positions Mineral Line for Vegan Market
    Nutritfy India to Launch Global Broadcast Channel Covering Nutrition
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    TPI Partners with Zeiss
    PPE Moves into New Manufacturing Facility
    Neurent Medical Closes $25 Million Series B Financing
    Contract Pharma

    Latest Breaking News From Contract Pharma

    WDSrx Expands Warehouse Network
    Piramal Inks Clinical Supply Deal with Theratechnologies
    Recipharm Signs Manufacturing Deal with Enzymatica
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Lageen Tubes Launches Mono-Material PE Tube Solutions
    Jason Jones Loses Battle with Covid-19
    Weleda Celebrates 100 Years By 'Opening' Its Gardens
    Happi

    Latest Breaking News From Happi

    NY's 1,4-Dioxane Law May Impact Concentrated Cleaners
    Sabinsa's Top Scientist Addresses US FDA
    Ipsy Adds New Personal Care Brand
    Ink World

    Latest Breaking News From Ink World

    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Lemu Group engineers mask-making machine
    Niagara Label upgrades with Nilpeter flexo press
    Soma partners with Moore & Moore in US
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Lemu Group Engineers Mask-Making Machine
    Armbrust American Adds Meltblown Manufacturing
    P&G Reports 8% Sales Increase
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Siemens Healthineers’ DR Systems Cleared by FDA
    Former Medtronic Exec Appointed Zimmer Biomet's Chief Transformation Officer
    SeaSpine Launches Regatta Lateral Plates
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 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