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    Breaking News

    BASF Group Releases Preliminary Figures for 2Q 2021

    Company increases forecast for full year 2021, with sales expected between €74 billion and €77 billion.

    BASF Group Releases Preliminary Figures for 2Q 2021
    07.12.21
    BASF Group has released preliminary figures for the second quarter of 2021. Sales increased by 55.8% in the second quarter of 2021 to €19,753 million (Q2 2020: €12,680 million). This was driven by higher prices (+35%) and volumes (+28%); negative currency effects (–7%) had an offsetting effect.

    In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since the fourth quarter of 2020. EBIT before special items is expected to amount to €2,355 million, a considerable increase compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: €226 million).

    The Chemicals, Materials and Industrial Solutions segments considerably exceeded aver-age analyst estimates for EBIT before special items in the second quarter of 2021

    BASF Group’s EBIT is expected to be €2,316 million in the second quarter of 2021, con-siderably above the figure for the prior-year quarter, which was weak due to the pan-demic (Q2 2020: €59 million). EBIT in the second quarter of 2021 includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business.

    Outlook 2021 for the BASF Group

    Based on the strong business development in the first half of 2021 (Sales H1 2021: €39,153 million; EBIT before special items H1 2021: €4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items.

    For the full year 2021, BASF Group now expects sales of €74 billion to €77 billion (previous outlook 2021: €68 billion to €71 billion; analyst consensus 2021: €68,654 million; full year 2020: €59,149 million).

    EBIT before special items is now anticipated to reach between €7.0 billion and €7.5 billion in 2021 (previous outlook 2021: €5.0 billion to €5.8 billion; analyst consensus 2021: €6,299 million; full year 2020: €3,560 million). The considera-bly increased earnings expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021.
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    BASF CEO Martin Brudermuller to Receive 2021 ICIS CEO of the Year Award BASF CEO Martin Brudermuller to Receive 2021 ICIS CEO of the Year Award

    Related Buyers Guide Companies

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    • Breaking News | Industry News
      BASF and CATL Sign Agreement to Accelerate the Achievement of Global Carbon Neutrality

      BASF and CATL Sign Agreement to Accelerate the Achievement of Global Carbon Neutrality

      The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe.
      09.17.21


    • Additives | Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      BASF

      BASF's Coatings Division Employs Covestro's Ultra Line of Coating Hardeners

      BASF Coatings and collision centers benefit from simple 1:1 replacement.
      09.15.21

    • Breaking News | Distributor News
      Azelis Expands Distribution Partnership with BASF

      Azelis Expands Distribution Partnership with BASF's 3-D Printing Solutions

      Azelis to expand distribution partnership with Forward AM, the brand of BASF 3D Printing Solutions, into India, Australia and New Zealand.
      09.06.21

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    Breaking News
    • CCAI’s 2024 Industrial Finishing Safety Seminar Heads to Minnesota
    • PPG Asian Paints Unveils Flagship Center of Cartisan in Pune
    • AkzoNobel and Kansai Paint Mutually Agree Not to Proceed with African Transaction
    • Advancion Launches Multi-Functional Etheramie for Waterborne Industrial Coatings
    • Acme-Hardesty Achieves EcoVadis Silver Medal
    View Breaking News >
    CURRENT ISSUE

    November/December 2023

      View More >

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