BASF raised sales in the third quarter of 2013 by 1.5% to around €17.7 billion despite significantly negative currency effects. This growth was mainly the result of increased volumes, particularly in the Oil & Gas segment. Income from operations (EBIT) before special items rose by €221 million to just under €1.7 billion.
“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 & Solutions and Performance Products segments in addition to lower charges in Other,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE.
Compared with the previous third quarter, EBIT rose by €279 million to about €1.7 billion. Income before taxes and minority interests grew by €287 million to €1.5 billion compared with the previous third quarter. Net income rose by €171 million to around €1.1 billion. Earnings per share were €1.20 in the third quarter of 2013, compared with €1.01 in the same quarter of 2012.
BASF Releases Third Quarter Results
Published October 28, 2013
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