Q3 sales up 1.5% at BASF
29/10/2013
Despite negative currency effects, sales for the quarter totalled €17.7 billion ($24.4 billion). Net income rose by €171 million year-on-year to around €1.1 billion.
Kurt Bock, chairman of the board of executive directors, said: “Our business performance was robust in the third quarter of 2013.
“The increase in earnings was largely due to higher contributions from the functional materials and solutions and performance products segments in addition to lower charges in ‘other’.”
Dr Bock added: “We do not anticipate an upturn in the global economy for the fourth quarter of 2013. The environment is likely to remain challenging. We anticipate uneven development marked by economic uncertainty.
“Currency effects will continue to negatively impact sales and earnings in the fourth quarter. Nevertheless, we still aim to exceed the 2012 levels in sales and EBIT before special items.”
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