• 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
    Sustainability and the Ink Industry

    The State of the Pigment Industry in 2021

    The 2021 Regulatory Report

    Production Equipment Helps Drive Ink Industry’s Sustainability Efforts

    Ink Industry Sees Opportunities in the Circular Economy
    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
    Mark Andy Launches Monochrome Digital Print Bar

    Avient Launches ColorMatrix Optica Specialty Toners

    Capital Printing Invests in 2nd Komori Press

    Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press

    BCF's Tom Bowtell Voted VP of World Coatings Council
    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

    Mark Andy Launches Monochrome Digital Print Bar

    Avient Launches ColorMatrix Optica Specialty Toners

    Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press

    Capital Printing Invests in 2nd Komori Press

    Dantex Launches SuperWhite Technology
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Avient Launches ColorMatrix Optica Specialty Toners

    Shepherd Color Company Opens Sales Office in China

    EU Innovation Fund Evaluating Perstorp-created Project AIR

    2021 RadLaunch Award Winners Announced

    Avient Showcasing Solutions for Circular Economy at Chinaplas 2021
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    2021 RadLaunch Award Winners Announced

    METTLER TOLEDO Launches XPR Automatic Balance

    Bühler Fully Operational for Customer Trials

    Bühler Launches BühlerVision

    ALTANA Reports 2020 Results
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Keim-Additec Surface USA, LLC

    Excelitas Technologies (OmniCure)

    Shamrock Technologies, Inc.

    Netzsch Premier Technologies, LLC

    ARCOLOR AG
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Coatings Expo Vietnam 2021

    Middle East Coatings Show 2021

    PRINTING United Expo 2021

    Eastern Coatings Show 2021

    Labelexpo Americas 2022
    • 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 Releases Preliminary Figures for 3Q 2020

    EBIT for Q3 2020 before special items expected to be €581 million (Q3 2019: €1,056 million), above analyst consensus.

    Related CONTENT
    • Shepherd Color Company Opens Sales Office in China
    • EU Innovation Fund Evaluating Perstorp-created Project AIR
    • 2021 RadLaunch Award Winners Announced
    • Avient Showcasing Solutions for Circular Economy at Chinaplas 2021
    • Roland DGA Demonstrating Latest Technologies at Virtual ISA International Sign Expo 2021
    10.09.20
    BASF has released preliminary figures for the third quarter of 2020. Sales declined by 5% in the third quarter of 2020 to €13,812 million (Q3 2019: €14,556 million). This was mainly driven by negative currency effects.

    The BASF Group’s operating business performed better than expected in the third quarter of 2020. EBIT before special items amounted to an expected €581 million, above analyst consensus but below the figure for the prior-year quarter (Q3 2019: €1,056 million). Compared with the second quarter of 2020, EBIT before special items rose by €355 million in the third quarter of 2020 (Q2 2020: €226 million).

    The Surface Technologies, Materials, Industrial Solutions and Chemicals segments exceeded average analyst estimates for EBIT before special items in the third quarter of 2020.

    The year-on-year decrease in the BASF Group’s EBIT before special items was primarily due to the continued weak earnings contributions from the upstream Chemicals and Materials segments due to ongoing high pressure on margins. The Nutrition & Care, Agricultural Solutions and Industrial Solutions segments and Other also recorded lower earnings compared with the prior-year quarter.

    The BASF Group’s EBIT amounted to an expected minus €2,637 million in the third quarter of 2020 due to non-cash-effective impairments and provisions for restructuring, below analyst consensus and the figure for the prior-year quarter (Q3 2019: €1,336 million).

    Impairment tests identified fixed asset impairments of €2.8 billion due to considerably weaker macroeconomic developments as a consequence of the coronavirus pandemic. The impairments were largely the result of weaker demand from the automotive and aviation industries, which impacted the Surface Technologies segment in particular, and a continued oversupply of basic chemicals, which put pressure on margins in the Chemicals and Materials segments. In addition, impairments were recognized in the Agricultural Solutions segment as part of measures to streamline the production network.

    he BASF Group’s net income amounted to an expected minus €2,121 million due to the impairments, below current analyst estimates and lower than the figure for the prior-year quarter (Q3 2019: €911 million). The sale of the assets and liabilities of the construction chemicals business and the related disposal gain will only be reflected in BASF’s reporting on the fourth quarter of 2020.

    For the fourth quarter of 2020, BASF now expects a further improvement in the BASF Group’s EBIT before special items compared with the third quarter of 2020. This would also exceed current average analyst estimates for the fourth quarter of 2020.

    For the full year 2020, the BASF Group expects sales of €57 billion to €58 billion, mainly due to weaker demand as a consequence of the coronavirus pandemic (2019: €59,316 million). The BASF Group anticipates EBIT before special items of between €3.0 billion and €3.3 billion for 2020 (2019: €4,643 million). As well as weaker demand, the company expects pressure on margins to continue, especially for basic chemicals, which will be partially offset by fixed cost savings.
    Related Searches
    • Flushed Colors and Pigments
    • Energy-Curable Materials
    • Resins
    • Metallics and Special Effects Pigments
    Related Knowledge Center
    • Metallics and Special Effects Pigments
    • Flushed Colors and Pigments
    • Energy-Curable Materials
    Suggested For You
    Carlson Print Group Adds Koenig & Bauer Rapida 105 PRO Six-Color Press Carlson Print Group Adds Koenig & Bauer Rapida 105 PRO Six-Color Press
    Takedown Inc. Adds Kornit Avalanche HD6, Avalanche Poly Pro Takedown Inc. Adds Kornit Avalanche HD6, Avalanche Poly Pro
    Arna Marketing Adds Canon’s ProStream, VarioPRINT iX Production Inkjet Presses Arna Marketing Adds Canon’s ProStream, VarioPRINT iX Production Inkjet Presses
    Shepherd Color Company Opens Sales Office in China Shepherd Color Company Opens Sales Office in China
    EU Innovation Fund Evaluating Perstorp-created Project AIR EU Innovation Fund Evaluating Perstorp-created Project AIR
    2021 RadLaunch Award Winners Announced 2021 RadLaunch Award Winners Announced
    Avient Showcasing Solutions for Circular Economy at Chinaplas 2021 Avient Showcasing Solutions for Circular Economy at Chinaplas 2021
    Roland DGA Demonstrating Latest Technologies at Virtual ISA International Sign Expo 2021 Roland DGA Demonstrating Latest Technologies at Virtual ISA International Sign Expo 2021
    Bühler Fully Operational for Customer Trials Bühler Fully Operational for Customer Trials
    New Linx Ink Meets Japan’s Latest Requirements for Coding, Marking Food & Drink New Linx Ink Meets Japan’s Latest Requirements for Coding, Marking Food & Drink
    BASF Presents Roadmap to Climate Neutrality BASF Presents Roadmap to Climate Neutrality
    Koenig & Bauer Says Its Taking Lead in Flexible Packaging Market Koenig & Bauer Says Its Taking Lead in Flexible Packaging Market
    Shamrock Technologies Celebrates 80 Years and Looks Forward to the Future Shamrock Technologies Celebrates 80 Years and Looks Forward to the Future
    Digital Drivers in Labels Digital Drivers in Labels
    Joon Choo Appointed Shamrock Technologies President Joon Choo Appointed Shamrock Technologies President

    Related Breaking News

    • Breaking News | Flushed Colors and Pigments | Ink Manufacturers News | Inkjet Inks and Toners | Suppliers News
      Avient Launches ColorMatrix Optica Specialty Toners

      Avient Launches ColorMatrix Optica Specialty Toners

      These new toners are formulated without heavy metal or restricted ingredients, according to Avient.
      Anthony Locicero, Associate editor 04.13.21

    • Breaking News | Flushed Colors and Pigments | Suppliers News
      Shepherd Color Company Opens Sales Office in China

      Shepherd Color Company Opens Sales Office in China

      Shepherd Color Shenzhen will import, stock and sell The Shepherd Color Company and Shepherd Technologies products in China.
      Anthony Locicero, Associate editor 04.12.21

    • Breaking News | Energy-Curable Materials | Energy-Curing Equipment
      2021 RadLaunch Award Winners Announced

      2021 RadLaunch Award Winners Announced

      Will be presented during an Awards Zoom Program, 3:00-4:00 p.m. EDT on April 28, 2021.
      Anthony Locicero, Associate editor 04.09.21


    • Breaking News | Flushed Colors and Pigments | Ink Manufacturers News | Screen Inks | Suppliers News
      Avient Showcasing Solutions for Circular Economy at Chinaplas 2021

      Avient Showcasing Solutions for Circular Economy at Chinaplas 2021

      New and existing materials, additives, and colorants.
      Anthony Locicero, Associate editor 04.09.21

    • Breaking News | Flushed Colors and Pigments | Market Research | Suppliers News
      Global Dyes, Pigments Market Valued at $32.9 Billion in 2020

      Global Dyes, Pigments Market Valued at $32.9 Billion in 2020

      Organic pigments segment is anticipated to register the fastest CAGR of 5.6%.
      David Savastano, Editor 04.08.21

    • Additives | Breaking News | Energy-Curable Materials | Flushed Colors and Pigments | Metallics and Special Effects Pigments | Resins | Suppliers News
      BASF Presents Roadmap to Climate Neutrality

      BASF Presents Roadmap to Climate Neutrality

      Investments of up to €4 billion planned by 2030.
      David Savastano, Editor 03.29.21


    • Breaking News | Personnel | Resins | Suppliers News
      Mary Dean Hall Named Ingevity EVP, CFO

      Mary Dean Hall Named Ingevity EVP, CFO

      The CFO role was previously held by John C. Fortson who was named the company’s president and CEO on Sept. 1, 2020.
      Anthony Locicero, Associate editor 03.25.21

    • Additives | Breaking News | Financial News | Ink Manufacturers News | Metallics and Special Effects Pigments | Suppliers News | Testing, Color and QC
      ALTANA Reports 2020 Results

      ALTANA Reports 2020 Results

      Sales of €2,178 million, 3% below the previous year’s level.
      Anthony Locicero, Associate editor 03.19.21

    • Breaking News | Flushed Colors and Pigments | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      FUJIFILM Investing in Inkjet Pigment Dispersion Manufacturing Plant

      FUJIFILM Investing in Inkjet Pigment Dispersion Manufacturing Plant

      Expanding capability to produce consistent inkjet ink products, from pigment dispersions to inks.
      David Savastano, Editor 03.19.21


    • Breaking News | Price Increases | Resins | Suppliers News
      WACKER POLYMERS Implements Temporary Global Surcharge

      WACKER POLYMERS Implements Temporary Global Surcharge

      For dispersions, resins and dispersible polymer powders.
      Anthony Locicero, Associate editor 03.18.21

    • Additives | Breaking News | Energy-Curable Materials | Flushed Colors and Pigments | Industry News | Ink Manufacturers News | Price Increases | Resins | Suppliers News
      CEPE: Coatings, Ink Industry Under Pressure Due to Developments in Raw Materials Market

      CEPE: Coatings, Ink Industry Under Pressure Due to Developments in Raw Materials Market

      Demand, capacity and transportation issues for key raw materials are adding uncertainty to the supply chain.
      David Savastano, Editor 03.18.21

    • Breaking News | Flushed Colors and Pigments | Price Increases | Suppliers News
      Clariant Increasing Pigment, Pigment Preparations Prices

      Clariant Increasing Pigment, Pigment Preparations Prices

      Global price increase effective March 19, 2021.
      Anthony Locicero, Associate editor 03.12.21


    • Additives | Breaking News | Flushed Colors and Pigments | Ink Manufacturers News | Resins | Suppliers News
      CHINACOAT Returns to Shanghai

      CHINACOAT Returns to Shanghai

      Occupying 5 exhibition halls, this year Sinostar-ITE planned a total gross exhibition area of about 57,000 square meters.
      Anthony Locicero, Associate editor 03.09.21

    • Breaking News | Energy-Curable Materials | Energy-Curing Equipment | Ink Manufacturers News | Printers News | Suppliers News | UV and EB Inks
      RadTech: UV+EB Cured Products Rated as

      RadTech: UV+EB Cured Products Rated as 'Easier to Recycle'

      RadTech commends the AF&PA on the release of a new resource for paper-based packaging designers.
      Anthony Locicero, Associate editor 03.08.21

    • Breaking News | Price Increases | Resins | Suppliers News
      AOC Announces EMEA Price Increase

      AOC Announces EMEA Price Increase

      The price increase will take immediate effect for all new orders or as soon as contracts allow, according to AOC.
      Anthony Locicero, Associate editor 03.02.21

    Trending
    • Crown Holdings Selling European Tinplate Business To KPS Capital Partners, LP
    • 2021 RadLaunch Award Winners Announced
    • Ink Industry Is Facing Higher Costs
    • Clariant Increasing Pigment, Pigment Preparations Prices
    • EU Innovation Fund Evaluating Perstorp-created Project AIR
    Breaking News
    • Mark Andy Launches Monochrome Digital Print Bar
    • Avient Launches ColorMatrix Optica Specialty Toners
    • Capital Printing Invests in 2nd Komori Press
    • Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press
    • BCF's Tom Bowtell Voted VP of World Coatings Council
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Sustainability and the Ink Industry
    • The State of the Pigment Industry in 2021
    • The 2021 Regulatory Report
    • Production Equipment Helps Drive Ink Industry’s Sustainability Efforts
    • Ink Industry Sees Opportunities in the Circular Economy
    • Shutterfly Turns to HP to Boost Range of Personalized Gifts
    • Offering Excellent Ink Portfolio Crucial to Durst’s Success
    • 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

    KD Pharma Acquires Rohner AG Manufacturing Assets
    Thorne Healthtech and PreCon Health to Launch Supplements for Pre-, Post-Impact Brain Health
    Green Leafy Vegetable Intervention Reduces Marker of Colorectal Cancer Risk, Study Finds
    Coatings World

    Latest Breaking News From Coatings World

    Jebsen & Jessen, Innospec Sign Distribution Agreement
    Sika Expands Production Capacity in Qatar
    Sto Corp. ISO Certifications Extended
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    DiaSorin to Buy Luminex for $1.8B
    Endologix Acquires PQ Bypass
    Algorithm Can Predict Acute Kidney Injury Sooner Than Hospital Systems
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Catalent Biologics Completes Madison Expansion
    Lonza Expands PyroTec PRO for Endotoxin Testing
    FDA Accepts Airway Therapeutics’ IND for COVID Treatment
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Carlyle Group Acquires Majority Stake in Beautycounter
    The Honest Co. Files for an Initial Public Offering
    China Builds ‘Beauty and Healthcare Industrial Park’ in Guangzhou
    Happi

    Latest Breaking News From Happi

    Tri-K Industries Appoints Sales Executive for West Coast
    NatureLab. Tokyo’s Hair Care Launches in Ulta Beauty Stores
    OTC Pain Relief QR Cream Debuts in US Market
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Iron Oxide Pigments Market to Register 4.7% CAGR from 2021 to 2028: GVR
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Enprom helps converter respond to flexible packaging needs
    anytron assists medical device company with labeling
    Dantex debuts new capabilities with white ink opacity
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Tufropes Launches Inherently Antibacterial and Antimicrobial Spunbond
    NXTNano Adding Three Lines
    Honest Company Plans IPO
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    GreenBone Ortho Closes 10 Million Euros Series B Funding Round
    SynerFuse, Cirtec Medical Partner to Develop Back Pain Management Device
    New Biosealant Could Stabilize Cartilage, Boost Healing After Injury
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence
    First Solar Series 6 CuRe has Industry’s Lowest Warranted Degradation Rate
    SEMI: 2020 Global Semiconductor Equipment Sales Surge 19% to Industry Record $71.2 Billion

    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