UK Regulatory | 20 October 2010 08:04
BASF SE / Quarter Results
20.10.2010 08:04
Dissemination of a UK Regulatory Announcement, transmitted by
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Third-quarter results significantly above previous year:
* Sales EUR15.8 billion, EBIT before special items EUR2.2 billion, EBIT
EUR2.15 billion
Expectations for full year 2010:
* Sales approximately EUR63 billion and EBIT before special items more than
EUR8 billion
Outlook:
* Stable business development in coming months
* Uncertainties in general economic development due to winding down of
national stimulus programs, high levels of national debt in many countries,
volatile raw material and foreign exchange markets and increasing trade
barriers
Ludwigshafen, Germany - October 20, 2010 - BASF today announced first
figures for the third quarter of 2010 and raised its outlook for the full
year. Compared with the same quarter of the previous year, third-quarter
sales increased 23% to EUR15.8 billion, EBIT before special items rose 77%
to EUR2.2 billion and EBIT increased 122% to EUR2.15 billion. The figures
are at the same high level of the second quarter of 2010.
Sales in the first nine months of 2010 rose 27% to EUR47.5 billion, EBIT
before special item increased 89% to EUR6.4 billion and EBIT by 127% to
EUR6.1 billion.
For the fourth quarter, the company expects the good business development
to continue and has raised its outlook for the current year. For 2010, BASF
expects sales of around EUR63 billion and EBIT before special items of over
EUR8 billion. This exceeds the peak levels of the years 2007 and 2008.
The record figures reflect the dynamics in BASF's businesses, its improved
portfolio and operational excellence which have been able to show their
full impact in the current favorable economic environment. This is also
reflected in the high level of the company's nine-month operating cash flow
of EUR5.3 billion.
In spite of the current good results, BASF sees a number of uncertainties
in the long-term economic outlook. The positive economic development of the
past months will not necessarily continue at the same pace in 2011. Risks
also remain which could jeopardize a sustainable recovery. The high debt
level of many countries threatens the stability of the financial and
banking systems. The necessary reduction in government spending and the
winding down of national stimulus programs could dampen overall demand.
Risks are also associated with volatile raw material and foreign currency
markets, overcapacities, growing geopolitical tensions and protectionism
through new trade barriers.
Jennifer Moore-Braun
Telefon: +49 621 60-99123
Fax: +49 621 60-92693
jennifer.moore-braun@bsf.com
20.10.2010 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: BASF SE
Carl-Bosch-Straße 38
67056 Ludwigshafen
Deutschland
Phone: +49 (0)621 60-0
Fax: +49 (0)621 60-4 25 25
E-mail: info.service@basf.com
Internet: www.basf.com
ISIN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Frankfurt (Prime Standard),
Berlin, Stuttgart, Hannover, Hamburg, München,
Düsseldorf; Terminbörse EUREX; Foreign Exchange(s)
London, SIX
Category Code: QRT
LSE Ticker: BFA
Sequence Number: 599
Time of Receipt: Oct 20, 2010 07:30:18
End of Announcement DGAP News-Service
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