• 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 2022 Packaging Ink Report

    The UV Ink Market Continues to Thrive

    The Conductive Ink Market is Showing Growth

    The 2022 Resin Report

    EU Chemicals Sector Embarks on Transition Pathway
    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
    INX to Highlight Color Perfection Program, INX University at GulfCan

    Kornit Hosts Kornit Fashion Week London 2022

    Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks

    Ingevity Announces Price Increase for Pine Chemical-Based Products

    Carbon Black Producer Birla Carbon to Increase North American Prices
    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

    INX to Highlight Color Perfection Program, INX University at GulfCan

    Kornit Hosts Kornit Fashion Week London 2022

    Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks

    NUtec’s NUbis Bulk Ink System Enables Continuous Printing

    Roland DGA President and CEO Andrew Oransky Named to Roland DG Board of Directors
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Ingevity Announces Price Increase for Pine Chemical-Based Products

    Carbon Black Producer Birla Carbon to Increase North American Prices

    RadTech 2022 Highlights UV/EB Opportunities in Electronics

    Next Generation Evonik: Next Phase of Its Strategic Transformation

    Panels Will Be a Highlight of RadTech 2022
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    RadTech 2022 Highlights UV/EB Opportunities in Electronics

    ROSS Mixers Restored to Like-New Condition

    UV Curing System Market Worth $8.6 Billion by 2026: MarketsandMarkets

    byko-visc Offers New RT Rotational Viscometer

    Vuletech Becomes Sole Agent for IM GROUP in Vietnam
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    ARCOLOR AG

    Brilliant Group, Inc.

    KRONOS INTERNATIONAL, Inc.

    Hydrite Chemical Co

    Keim-Additec Surface USA, LLC
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Middle East Coatings Show 2022

    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 2Q 2021

    Company increases forecast for full year 2021, with sales expected between €74 billion and €77 billion.

    BASF Group Releases Preliminary Figures for 2Q 2021
    Related CONTENT
    • Durst Group Presents End-to-End Digital Printing Solutions at FESPA 2021
    • Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling
    • Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021
    • UFlex Joins Alliance to End Plastic Waste
    • Quad Names Kris Persons SVP of Direct Marketing
    07.12.21
    BASF Group has released preliminary figures for the second quarter of 2021. Sales increased by 55.8% in the second quarter of 2021 to €19,753 million (Q2 2020: €12,680 million). This was driven by higher prices (+35%) and volumes (+28%); negative currency effects (–7%) had an offsetting effect.

    In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since the fourth quarter of 2020. EBIT before special items is expected to amount to €2,355 million, a considerable increase compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: €226 million).

    The Chemicals, Materials and Industrial Solutions segments considerably exceeded average analyst estimates for EBIT before special items in the second quarter of 2021

    BASF Group’s EBIT is expected to be €2,316 million in the second quarter of 2021, considerably above the figure for the prior-year quarter, which was weak due to the pandemic (Q2 2020: €59 million). EBIT in the second quarter of 2021 includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business.

    Outlook 2021 for the BASF Group

    Based on the strong business development in the first half of 2021 (Sales H1 2021: €39,153 million; EBIT before special items H1 2021: €4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items.

    For the full year 2021, BASF Group now expects sales of €74 billion to €77 billion (previous outlook 2021: €68 billion to €71 billion; analyst consensus 2021: €68,654 million; full year 2020: €59,149 million).

    EBIT before special items is now anticipated to reach between €7.0 billion and €7.5 billion in 2021 (previous outlook 2021: €5.0 billion to €5.8 billion; analyst consensus 2021: €6,299 million; full year 2020: €3,560 million). The considerably increased earnings expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021.
    Related Searches
    • Resins
    Related Knowledge Center
    • Resins
    Suggested For You
    Durst Group Presents End-to-End Digital Printing Solutions at FESPA 2021 Durst Group Presents End-to-End Digital Printing Solutions at FESPA 2021
    Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling Flint Group Narrow Web Introduces Evolution Series of Coatings for Enhanced Recycling
    Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021 Huhtamaki Receives EcoVadis Gold Medal for Sustainability Performance in 2021
    UFlex Joins Alliance to End Plastic Waste UFlex Joins Alliance to End Plastic Waste
    Quad Names Kris Persons SVP of Direct Marketing Quad Names Kris Persons SVP of Direct Marketing
    Vanguard USA, a Durst Group Company, Establishes European Branch Vanguard USA, a Durst Group Company, Establishes European Branch
    Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer Xerox Promotes Deena LaMarque Piquion to Chief Marketing Officer
    Cober Solutions Invests in Two New HP Indigo 100K Presses Cober Solutions Invests in Two New HP Indigo 100K Presses
    Kornit Digital Announces Environmental, Sustainability Goals Kornit Digital Announces Environmental, Sustainability Goals
    Canon U.S.A. Wins Four Keypoint Intelligence - Buyers Lab 2021 Pick Awards Canon U.S.A. Wins Four Keypoint Intelligence - Buyers Lab 2021 Pick Awards
    Arkema in Top Spot of Companies in Chemicals Sector Assessed by V.E Arkema in Top Spot of Companies in Chemicals Sector Assessed by V.E
    Flint Group Announces Sale of XSYS Division to Lone Star Affiliate Flint Group Announces Sale of XSYS Division to Lone Star Affiliate
    RRD Introduces Single-Source Folding Carton Service to Help Brands Design for Sustainability RRD Introduces Single-Source Folding Carton Service to Help Brands Design for Sustainability
    Demand for Sustainable Print Technologies Creates New Opportunities Demand for Sustainable Print Technologies Creates New Opportunities
    Wikoff Color Elects Tunji Taiwo to Board of Directors Wikoff Color Elects Tunji Taiwo to Board of Directors

    Related Breaking News

    • Breaking News | Price Increases | Resins | Suppliers News
      Ingevity Announces Price Increase for Pine Chemical-Based Products

      Ingevity Announces Price Increase for Pine Chemical-Based Products

      Includes tall oil fatty acid, distilled tall oil and derivative products, and for rosin-based resins associated with its industrial specialties portfolio.
      05.16.22

    • Breaking News | Energy-Curable Materials | Financial News | Resins | Suppliers News
      Arkema Reports First Quarter 2022 Results

      Arkema Reports First Quarter 2022 Results

      Group sales were €2.9 billion, up by 30% year-on-year at constant scope and currency.
      05.06.22

    • Breaking News | Market Research | Resins | Suppliers News
      Pine-Derived Chemicals Market Worth $6.8 Billion by 2027: MarketsandMarkets

      Pine-Derived Chemicals Market Worth $6.8 Billion by 2027: MarketsandMarkets

      The gum rosin segment accounts for the largest market share in the pine-derived chemicals market.
      04.15.22


    • Breaking News | Resins | Suppliers News | Sustainability
      Ingevity Joins UN Global Compact, Champions Sustainable Business Practices

      Ingevity Joins UN Global Compact, Champions Sustainable Business Practices

      Affirms resin company’s alignment with the ten universally accepted principles for human rights, labor, environment and anti-corruption.
      04.13.22

    • Breaking News | Energy-Curable Materials | Financial News | Resins | Suppliers News
      BASF Group Releases 1Q 2022 Preliminary Figures

      BASF Group Releases 1Q 2022 Preliminary Figures

      Sales expected to be €23,083 million (Q1 2021: €19,400 million), considerably above the prior-year quarter and slightly above analyst consensus.
      04.12.22

    • Additives | Breaking News | Resins | Suppliers News | Sustainability
      BASF Confirms Climate Targets, Reduces Product-Related Emissions

      BASF Confirms Climate Targets, Reduces Product-Related Emissions

      Twenty-five percent reduction of CO2 emissions by 2030 compared with 2018 and net zero by 2050 targeted.
      03.29.22


    • Breaking News | Financial News | Resins | Suppliers News
      BASF Achieves Strong Earnings Growth for Full Year 2021

      BASF Achieves Strong Earnings Growth for Full Year 2021

      Sales were €78.6 billion, up 33%, with EBIT before special items was €7.8 billion, up 118%.
      02.25.22

    • Breaking News | Energy-Curable Materials | Financial News | Resins | Suppliers News
      Arkema Announces Full Year 2021 Results

      Arkema Announces Full Year 2021 Results

      Group sales of €9.5 billion are up by 25.9% compared with 2020 at constant scope and currency.
      02.25.22

    • Breaking News | Financial News | Resins | Suppliers News
      Ingevity Reports 4Q, Full-Year 2021 Financial Results

      Ingevity Reports 4Q, Full-Year 2021 Financial Results

      Resin maker reports FY operating cash flow of $293 million with free cash flow of $189.2 million.
      02.24.22


    • Breaking News | Price Increases | Resins | Suppliers News
      Ingevity Announces Price Increase for Pine Chemical-Based Products

      Ingevity Announces Price Increase for Pine Chemical-Based Products

      Increases include tall oil fatty acid, distilled tall oil products and derivatives, and rosin-based resins.
      02.09.22

    • Breaking News | Market Research | Resins | Suppliers News
      Global Ink Resins Market to Reach $3.8 Billion by 2026: MarketsandMarkets

      Global Ink Resins Market to Reach $3.8 Billion by 2026: MarketsandMarkets

      Modified rosin resin will be the largest of the ink resins market.
      01.18.22

    • Breaking News | Mergers and Acquisitions | Resins | Suppliers News
      Perstorp Acquires Di-Methylolpropionic Acid Business from GEO

      Perstorp Acquires Di-Methylolpropionic Acid Business from GEO

      With acquisition, Perstorp further strengthens its specialty position within resins and coatings.
      01.11.22


    • Breaking News | Energy-Curable Materials | Resins | Suppliers News
      Alessandra Genco, Stefan Asenkerschbaumer to be Proposed for Election to Supervisory Board of BASF

      Alessandra Genco, Stefan Asenkerschbaumer to be Proposed for Election to Supervisory Board of BASF

      Genco is Leonardo SpA CFO and Dr. Asenkerschbaumer is deputy chairman and CFO of Robert Bosch GmbH.
      12.29.21

    • Breaking News | Resins | Suppliers News
      Arkema to Double its Sartomer Photocure Resins Capacity in Asia

      Arkema to Double its Sartomer Photocure Resins Capacity in Asia

      This new expansion is scheduled to come on stream in the second half of 2023.
      12.16.21

    • Breaking News | Resins | Suppliers News
      BASF Events Raise $65,000 for Capital Area United Way’s Work in Ascension Parish

      BASF Events Raise $65,000 for Capital Area United Way’s Work in Ascension Parish

      At a recent chili cook-off event, BASF presented Capital Area United Way a $65,000 check.
      12.14.21

    Breaking News
    • INX to Highlight Color Perfection Program, INX University at GulfCan
    • Kornit Hosts Kornit Fashion Week London 2022
    • Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks
    • Ingevity Announces Price Increase for Pine Chemical-Based Products
    • Carbon Black Producer Birla Carbon to Increase North American Prices
    View Breaking News >
    CURRENT ISSUE

    April 2022

    • The 2022 Packaging Ink Report
    • The UV Ink Market Continues to Thrive
    • The Conductive Ink Market is Showing Growth
    • The 2022 Resin Report
    • EU Chemicals Sector Embarks on Transition Pathway
    • Overview of Ink Demand in Asian Ceramic Industry
    • Industry Gears Up for the 2022 American Coatings Show and Conference
    • Defining - Evaluating Impurities, IAS, NIAS, and NLS (Part 2)
    • Needham Group Embraces New Technologies
    • 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

    Solvay Invests in Suanfarma’s Vanillin Production
    GNC Adds Products from The Honest Company, Hers, and Womaness
    NSF and SCNM’s School of Nutrition Collaborate on Master of Science Program
    Coatings World

    Latest Breaking News From Coatings World

    PPG Launches HOMAX TEX>>PRO Texture System by PPG
    New Digital Solution from Interpon Helps Customers Bring Colors to Life
    What Are You Reading?
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Texas Medical Center Partners with Enterprise Ireland
    MMT Acquires Medical Production Technology Europe
    Avanos Recalls Cortrak*2 Over Potential Enteral Tube Misplacement
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Catalent Introduces UpTempo Virtuoso Platform
    Elicio Therapeutics Enters Clinical Supply Agreement with Regeneron
    Reaction Biology Expands Executive Leadership Team
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    A Look at Machine Gun Kelly's $30K Diamond Mani
    Doja Cat Rocks Glam Makeup & Nails at the Billboard Music Awards
    Maggie Q Launches Beauty Supplement
    Happi

    Latest Breaking News From Happi

    Dr. Squatch Launches Black Hole Bar Soap in Light of Recently-Revealed Black Hole in Milky Way
    Nautica Introduces Nautica Oceans Pacific Coast Collection
    Thread Beauty Launches Vegan Lip Gloss Collection
    Ink World

    Latest Breaking News From Ink World

    INX to Highlight Color Perfection Program, INX University at GulfCan
    Kornit Hosts Kornit Fashion Week London 2022
    Zeller+Gmelin Launches UV-Curable and Water-Based Inkjet Inks
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Schreiner ProTech introduces new PCS solution for electric vehicle charging
    FTA and FFTA announce 2022-2023 board updates
    Bar Graphic and J&J Converting open US demo center
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Essity Wins Innovation Award at Interclean
    Weekly Recap: Ontex Confirms Possibility of Attindas Deal, Purell Launches New Wipes & More
    TSG Finishing Starts Modernization Project
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Denise Pedulla Appointed as Chief Legal Officer at Conformis
    ODT's Most-Read Stories This Week—May 14
    Steven Haddad Joins Extremity Medical as Chief Clinical Officer
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Google Cloud, Saule Technologies and Columbus Energy Begin Strategic Cooperation
    JDI Develops eLEAP, World’s First Maskless Deposition + Lithographic OLED
    Toppan Develops Temperature Logger Label for Long-Distance Transportation

    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