• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Zeppelin Acquires MTI Mischtechnik

    Ezio Braggio Joins ChemQuest Europe

    IFS Coatings Announce Carbon Offset Program

    Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

    MCA Winter Meeting to Be Held Virtually Feb. 2-4
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Zeppelin Acquires MTI Mischtechnik

    IFS Coatings Announce Carbon Offset Program

    Axalta Powder Coatings Presents SuprAnodic Collection

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

    Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight
    Additives
    Binders
    Pigments
    Solvents

    Emulsion Polymers Market to Hit $66 Billion by 2027: Transparency Market Research

    Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

    OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

    Nouryon Renaming Industrial Chemicals Subsidiary Nobian

    Pritzker Private Capital Acquires Vertellus
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Active Minerals

    ROSS Mixers

    Eagle Specialty Products

    Pilot Chemical Company

    Keim Additec Surface USA LLC
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Active Minerals

    Eagle Specialty Products

    Pilot Chemical Company

    Keim Additec Surface USA LLC
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    BASF Reports Earnings Growth in 2Q 2017

    ...

    BASF Reports Earnings Growth in 2Q 2017
    Related CONTENT
    • Interior Architectural Coatings
    • TSRC Announces US Subsidiary Name Change
    • RPM Reports Fiscal 2021 2Q Results
    • PPG, Tikkurila Agree on Revised Offer
    • PPG Acquiring Coatings Manufacturer VersaFlex
    07.28.17
    BASF reported its second quarter 2017 results. Group sales rose by 12% to €16.3 billion compared with the second quarter of 2016. This was largely attributable to higher prices and volumes. Amid higher raw material costs, the company raised sales prices by 7%; this was mainly driven by higher prices in the Chemicals segment. Sales volumes increased by 3%.

    Income from operations (EBIT) before special items in the second quarter rose by 32% year-on-year to €2.3 billion. The sharp rise was primarily a result of the substantially improved earnings in the Chemicals and Oil & Gas segments. This increase was dampened by lower earnings in the Performance Products, Functional Materials & Solutions and Agricultural Solutions segments.

    “The positive demand trend continued in the second quarter of 2017. We increased our year-on-year sales volumes for the fifth consecutive quarter. Compared with the same quarter of last year, we considerably improved our sales and earnings,” said Dr. Kurt Bock, chairman of the Board of Executive Directors of BASF SE.

    At €1.5 billion, net income exceeded the previous second-quarter level by €404 million. Earnings per share were €1.63 in the second quarter of 2017, compared with €1.19 in the same quarter of the previous year.

    Cash provided by operating activities improved from €2.3 billion in the second quarter of 2016 to €3.0 billion in the second quarter of 2017. Free cash flow amounted to €2.1 billion, compared with €1.3 billion in the same quarter of the previous year. This improvement was largely the result of higher net income.

    Because of the positive macroeconomic development in the first half of the year, BASF now takes a somewhat more positive overall view of the underlying conditions for 2017.

    “We continue to expect a considerable increase in sales for the full year – by at least 6%. Given the considerable earnings increase in the first six months of the year, we now expect a considerable increase in EBIT before special items of at least 11% for 2017,” said Bock.

    Sales in the Chemicals segment rose by 25% compared with the second quarter of 2016 to reach €4.0 billion. This was largely the result of significantly higher prices, especially in the Monomers division. Sales in the first half of the year increased by 30% to €8.2 billion. EBIT before special items increased by €1.2 billion to €2.1 billion, mainly driven by higher margins and volumes.

    In the Performance Products segment, sales of €4.1 billion exceeded the previous second quarter’s level by 4% due to price increases as well as volumes growth in all divisions. In the first half of the year, sales of €8.4 billion were 6% higher than in the prior-year period. EBIT before special items decreased by €147 million to €920 million.

    Second-quarter sales in the Functional Materials & Solutions segment grew by 12% to €5.3 billion. Sales in the first half of the year rose by 15% to €10.5 billion. Compared with the same period of the previous year, EBIT before special items declined by €38 million and amounted to €953 million.
    Related Searches
    • basf
    Suggested For You
    Interior Architectural Coatings Interior Architectural Coatings
    TSRC Announces US Subsidiary Name Change TSRC Announces US Subsidiary Name Change
    RPM Reports Fiscal 2021 2Q Results RPM Reports Fiscal 2021 2Q Results
    PPG, Tikkurila Agree on Revised Offer PPG, Tikkurila Agree on Revised Offer
    PPG Acquiring Coatings Manufacturer VersaFlex PPG Acquiring Coatings Manufacturer VersaFlex
    PPG Completes Acquisition of Global Coatings Manufacturer Ennis-Flint PPG Completes Acquisition of Global Coatings Manufacturer Ennis-Flint
    PPG Acquiring Tikkurila PPG Acquiring Tikkurila
    Huntsman to Acquire Gabriel Performance Products Huntsman to Acquire Gabriel Performance Products
    RPM to Announce Fiscal 2021 2Q Results on Jan. 6, 2021 RPM to Announce Fiscal 2021 2Q Results on Jan. 6, 2021
    CHINACOAT2020 Goes Hybrid CHINACOAT2020 Goes Hybrid
    Sherwin-Williams Announces 2020 Water, Wastewater Impact Award Winners Sherwin-Williams Announces 2020 Water, Wastewater Impact Award Winners
    PPG Acquiring Global Coatings Manufacturer Ennis-Flint PPG Acquiring Global Coatings Manufacturer Ennis-Flint
    USGBC Readies Green Building Industry for a LEED Positive Future During Greenbuild USGBC Readies Green Building Industry for a LEED Positive Future During Greenbuild
    USGBC to Fund 500 LEED Professionals in Underserved Communities USGBC to Fund 500 LEED Professionals in Underserved Communities
    Growth for the Global Paints and Coatings Market in Q3-2020 Growth for the Global Paints and Coatings Market in Q3-2020

    Related Breaking News

    • Breaking News | People in the News
      Ezio Braggio Joins ChemQuest Europe

      Ezio Braggio Joins ChemQuest Europe

      Sherwin Williams' recently retired regional president of EMEAI joins ChemQuest.
      Coatings World staff 01.15.21

    • Breaking News | Production Equipment | Suppliers Corner
      Zeppelin Acquires MTI Mischtechnik

      Zeppelin Acquires MTI Mischtechnik

      Portfolio includes heating, cooling and universal mixers for plastics processing and chemical applications.
      Coatings World staff 01.15.21

    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      IFS Coatings Announce Carbon Offset Program

      IFS Coatings Announce Carbon Offset Program

      "We choose only to manufacture powder coatings," said Glynn Mason, IFS Coatings president.
      Coatings World staff 01.14.21


    • Additives | Breaking News | Distributor News
      Peninsula Polymers Expands WPC Technologies

      Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

      ...
      Coatings World staff 01.14.21

    • Breaking News
      MCA Winter Meeting to Be Held Virtually Feb. 2-4

      MCA Winter Meeting to Be Held Virtually Feb. 2-4

      The meeting is open to all industry professionals.
      Coatings World staff 01.13.21

    • Additives | Breaking News | Price Increases
      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      Due to strong demand and increasing raw material costs.
      Coatings World staff 01.13.21


    • Breaking News | Powder Coatings | Product news
      Axalta Powder Coatings Presents SuprAnodic Collection

      Axalta Powder Coatings Presents SuprAnodic Collection

      Axalta expanding its range of highly weather-resistant metallic effect powder coatings from the Alesta SD SuperDurable product line.
      Coatings World staff 01.13.21

    • Breaking News | Paint & Coatings Manufacturer News
      PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition

      PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition

      The business unit will manufacture and supply a broad, global portfolio of pavement-marking products.
      Coatings World staff 01.13.21

    • Breaking News | Suppliers Corner
      EnviroMax Laminar Flow Clean Work Station From HEMCO

      EnviroMax Laminar Flow Clean Work Station From HEMCO

      Standard sizes range from 4’ to 8’ wide, 2’ to 4’ deep, and 3’ to 5’ high.
      Coatings World staff 01.13.21


    • Breaking News | Radcure Coatings
      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      UV+EB technology industry tech-education accelerator focused on unique and novel ultraviolet and electron beam technologies.
      Coatings World staff 01.13.21

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      "Our 2021 color evokes sustainability, happiness and safety," said Nancy Lockhart, global product manager of color at Axalta.
      Coatings World staff 01.12.21

    • Breaking News | Paint & Coatings Manufacturer News
      HMG Paints Earns

      HMG Paints Earns 'Made in Britain' Accreditation

      The company will now carry the Made in Britain collective mark across its packaging and products.
      Coatings World staff 01.12.21


    • Breaking News
      New Strategy Sets Hempel on Path to Leadership Positions

      New Strategy Sets Hempel on Path to Leadership Positions

      Path defined by focus on entire business, leadership positions in chosen segments, industry leadership in sustainability, a strong focus on innovation.
      Coatings World staff 01.12.21

    • Additives | Breaking News | Industry News
      Nouryon Renaming Industrial Chemicals Subsidiary Nobian

      Nouryon Renaming Industrial Chemicals Subsidiary Nobian

      The Nobian brand will be introduced through a phased approach in the coming months, beginning with a new website.
      Coatings World staff 01.12.21

    • Breaking News | Special Purpose Coatings
      Alpine

      Alpine's HX5 Certified to Eliminate Germs When Coated with Signature Plating’s SignaShield

      HX5 samples coated with Signature Plating’s SignaShield antimicrobial clearcoat showed a 99.93% reduction in Staphylococcus aureus, 99.92% reduction in E. coli.
      Coatings World staff 01.12.21

    Trending
    • New Strategy Sets Hempel On Path To Leadership Positions
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • PPG Acquiring Global Coatings Manufacturer Wörwag
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Axalta Announces 2021 Global Automotive Color Of The Year: ElectroLight
    Breaking News
    • Zeppelin Acquires MTI Mischtechnik
    • Ezio Braggio Joins ChemQuest Europe
    • IFS Coatings Announce Carbon Offset Program
    • Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota
    • MCA Winter Meeting to Be Held Virtually Feb. 2-4
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Brown Fat Associated with Reductions in Chronic Disease Risk
    NIH Study Identifies Antibacterial Properties in Taurine
    NSF Begins New Certification Program
    Coatings World

    Latest Breaking News From Coatings World

    Zeppelin Acquires MTI Mischtechnik
    Ezio Braggio Joins ChemQuest Europe
    IFS Coatings Announce Carbon Offset Program
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Optimize EP Launches CaRM Cardiac Device Data Management Platform
    U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030
    FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR
    Contract Pharma

    Latest Breaking News From Contract Pharma

    KORSCH, MEDELPHARM Partner on R&D Equipment Portfolio
    Frontage Bolsters Clinical Services Capabilities
    Sanofi Unveils EUROAPI as Name of New European API Company
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Neenah to Host Packaging Webinar for Printers
    W.S. Badger is Named a ‘150 Top Impact Company’
    Mana Products, Meiyume and RPG Form The Vertical Beauty Alliance
    Happi

    Latest Breaking News From Happi

    A Surge in Interest for Supplements & Vitamins
    P&G, L'Oréal & Amorepacific Make News at CES
    Three Form Vertical Beauty Alliance
    Ink World

    Latest Breaking News From Ink World

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Techkon USA, Konica Minolta Partner
    Alon Bar-Shany Appointed Chairman of Highcon Board
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Exhibitor registration opens for virtual.drupa
    FTA planning in-person Forum & INFOFLEX
    Fortis Solutions Group achieves SGP certification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Shemesh Adds U.S. Headquarters
    TZMO USA, Special Needs Group Form Partnership
    BAHP Announces 2021 Officers, Board of Directors
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Rapid Recovery Protocol Can Lead to Increased Range of Motion After TKA
    Boston Scientific Releases WaveWriter Alpha Spinal Cord Stimulators in U.S.
    New Chief Clinical Officer on Board at IncludeHealth
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Toppan Announces 2050 Environmental Vision
    SOI Industry Consortium Joins SEMI as Strategic Association Partner

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login