Confident outlook at BASF
The BASF Group posted record results for its first quarter, with sales up almost 9% year-on-year to €15.9 billion ($29.9 billion), while income from operations rose more than 11% almost €2.4 billion. All divisions contributed to the increase in sales with double-digit growth rates.
First quarter sales rose significantly in the chemicals segment due to higher volumes and prices, while sales in the performance products segment remained fairly stable.
In geographical terms, sales rose 14% in Europe, 17% in Asia Pacific, 9% in North America and 18% in South America, Africa and the Middle East.
”BASF’s strategy is not to try to achieve improvements over just a few quarters. Instead, we strive constantly to keep ahead of the global competition over the long term,” said chairman, Dr Jürgen Hambrecht.
