BASF’s sales surpass €50 billion
For the first time in the company’s history, sales at German chemicals company BASF AG have surpassed the €50 billion mark in 2006. Sales increased by 23% to reach almost €53 billion with the businesses acquired in 2006 contributing €4.2 billion to this amount. Income from operations before special items also climbed to a new record, exceeding €7.2 billion.
The company’s Chemicals segment posted a 43% improvement in sales to reach a record €11.6 billion, which was largely attributed to the first-time inclusion of the new Catalysts division. Sales in the Performance Products segment rose 23% to more than €10 billion as a result of newly acquired businesses, whilst higher volumes and price increases also led to a 9% improvement in sales in its Plastics segment. Meanwhile, sales in the Agricultural Products & Nutrition Segment slipped 2% due to unfavourable weather conditions for the use of fungicides, low prices for agricultural produce and high energy costs negatively impacting results.
