• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Good Start for BASF in 2018

    Sales were €16.1 billion, up 8%, in 4Q 2017, with free cash flow of €4.8 billion, up 34%.

    Good Start for BASF in 2018
    Related CONTENT
    • VTT in 2020: Successful Year Despite Globally Challenging Times
    • BASF Group: Operating Result in 2Q 2020 Above Market Expectations
    • Sculpteo, Forward AM by BASF Boost Production Capacities
    • OLEDWorks, BASF to Introduce New OLED Lighting Technology with High Efficiency, High Flexibility
    • LOPEC Showcases World of Printed Electronics
    02.28.18
    Following a successful 2017 business year, BASF has had a good start to the year 2018. “Last year, we achieved significant growth and were able to further increase our profitability. Moreover, we laid important groundwork for the future development of our company – in terms of both people and strategy,” said Dr. Kurt Bock, chairman of the Board of Executive Directors of BASF SE, at the presentation of the 2017 Annual Report in Ludwigshafen.
     
    In the fourth quarter of 2017, BASF Group posted sales of €16.1 billion, which represents growth of 8% compared with the same quarter of 2016. Prices rose by 9%. BASF’s sales volumes increased by 4%; this was driven by all segments with the exception of Oil & Gas. By contrast, negative currency effects were significantly higher and reduced sales by 5%.
     
    Income from operations (EBIT) before special items in the fourth quarter was €1.9 billion, up by 58% from the same period of the prior year. The significantly higher earnings in the Chemicals, Agricultural Solutions and Oil & Gas segments as well as in Other compensated for lower earnings in the Functional Materials & Solutions and Performance Products segments.
     
    Economic activity picked up in many countries worldwide in 2017. “We took advantage of this upturn and markedly increased our full-year 2017 sales and earnings compared with the previous year,” said Bock. Due to good demand, BASF sold greater volumes in all divisions and considerably increased its profitability. Higher prices, especially in the Chemicals segment, also contributed to this. Overall, BASF’s sales grew by 12% to €64.5 billion.
     
    BASF’s earnings rose even more sharply, by around one-third. The company achieved EBIT before special items of €8.3 billion, with a significant contribution coming from the Chemicals segment. Higher margins and volumes in the basic chemicals and intermediates businesses more than offset the lower margins in some of BASF’s specialties businesses. Earnings in the chemicals business – which comprises the Chemicals, Performance Products and Functional Materials & Solutions segments – were significantly higher than in the previous year. EBIT before special items in this business was €7.3 billion, up by 26% versus the prior-year figure.
     
    Earnings per share increased from €4.42 to €6.62, equivalent to a rise of 50%. Adjusted for special items and amortization of intangible assets, earnings per share amounted to €6.44, compared with €4.83 in the previous year.
     
    Cash provided by operating activities improved by €1.1 billion year-on-year to €8.8 billion in 2017. At €4.8 billion, free cash flow was 34% above the level of the previous year. The equity ratio was 44.1% (2016: 42.6%). Net debt declined by €2.9 billion to €11.5 billion.
     
    For 2018, BASF expects the global economy and chemical production to grow at roughly the same pace as in 2017. Further growth is expected in all regions. In addition to these generally positive baseline conditions, however, BASF also sees increased market volatility. Furthermore, the US dollar is having a negative impact on sales and earnings.
     
    “In this environment, we want to continue to grow profitably and achieve a slight increase in BASF Group’s sales and EBIT before special items in 2018,” said Bock. The rise in sales should result chiefly from volumes growth. The increase in earnings will mainly be driven by significant contributions from the Performance Products, Functional Materials & Solutions and Oil & Gas segments. After a strong result in 2017, the company expects considerably lower EBIT before special items in the Chemicals segment, primarily as a result of lower margins.
    Related Searches
    • chemicals
    • basf
    Suggested For You
    VTT in 2020: Successful Year Despite Globally Challenging Times VTT in 2020: Successful Year Despite Globally Challenging Times
    BASF Group: Operating Result in 2Q 2020 Above Market Expectations BASF Group: Operating Result in 2Q 2020 Above Market Expectations
    Sculpteo, Forward AM by BASF Boost Production Capacities Sculpteo, Forward AM by BASF Boost Production Capacities
    OLEDWorks, BASF to Introduce New OLED Lighting Technology with High Efficiency, High Flexibility OLEDWorks, BASF to Introduce New OLED Lighting Technology with High Efficiency, High Flexibility
    LOPEC Showcases World of Printed Electronics LOPEC Showcases World of Printed Electronics
    Arkema Reports Full Year 2017 Results Arkema Reports Full Year 2017 Results
    LOPEC Showcases World of Printed Electronics LOPEC Showcases World of Printed Electronics
    Osram Continues Growth, Increases Investments in Its Future Osram Continues Growth, Increases Investments in Its Future
    STMicroelectronics Reports 2017 4Q, Full Year Financial Results STMicroelectronics Reports 2017 4Q, Full Year Financial Results
    3M Reports 4Q 2017, Full Year Results 3M Reports 4Q 2017, Full Year Results
    Change in Leadership: BASF Decides on Succession Change in Leadership: BASF Decides on Succession
    BASF Invests €5 Million in Smart Supply Chain Start-up Ahrma BASF Invests €5 Million in Smart Supply Chain Start-up Ahrma
    BASF Introduces InkSet 2000SL for OTFTs BASF Introduces InkSet 2000SL for OTFTs
    Emerson Reports Full Year, 4Q 2017 Results Emerson Reports Full Year, 4Q 2017 Results
    BASF Invests in NBD Nanotechnologies BASF Invests in NBD Nanotechnologies

    Related Breaking News

    • Breaking News | Financial News | Flexible and Printed Electronics | Research Institutions
      VTT in 2020: Successful Year Despite Globally Challenging Times

      VTT in 2020: Successful Year Despite Globally Challenging Times

      VTT’s annual report 2020 has been published on its website.
      04.12.21

    • Breaking News | Conductive Inks and Coatings | Financial News
      BASF Group: Operating Result in 2Q 2020 Above Market Expectations

      BASF Group: Operating Result in 2Q 2020 Above Market Expectations

      EBIT before special items expected to be €226 million.
      Printed Electronics Now staff 07.10.20

    • 3D Printing | Breaking News
      Sculpteo, Forward AM by BASF Boost Production Capacities

      Sculpteo, Forward AM by BASF Boost Production Capacities

      Add three 3D printing material lines for mobility.
      Printed Electronics Now staff 07.01.20


    • Adhesives, Barriers and Encapsulants | Breaking News | Displays and Lighting

      OLEDWorks, BASF to Introduce New OLED Lighting Technology with High Efficiency, High Flexibility

      BASF has developed barrier materials for flexible thin-film encapsulation for OLED lighting and displays.
      03.21.18

    • LOPEC Showcases World of Printed Electronics

      LOPEC Showcases World of Printed Electronics

      Will show why an increasing number of industries use printed electronics.
      03.10.18

    Trending
    • JDI Further Develops Its Transparent Rælclear Display Technology
    • EMagin Receives Coveted Display Week Award, Looks Ahead To Future
    • New Additives To Perovskite Tandem Solar Cells Boost Efficiency, Stability
    • National Grid Renewables Orders 2 GW Of First Solar Modules
    • Onsemi Is Added To S&P 500 Index
    Breaking News
    • Weekly Recap: eMagin, Applied Materials, and Schott Top This Week’s Stories
    • NREL Names Jennifer Logan to Leadership Team as CFO
    • National Grid Renewables Orders 2 GW of First Solar Modules
    • EO System Company Ltd. Picks eMagin’s OLED Microdisplays for Global Projects
    • Jabil Teams with SolarEdge to Advance Smart Energy Technology
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • 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

    Florida Food Products Acquires Javo
    Roquette Launches Nutralys Rice Protein
    New IADSA Chair Lauds Explorations of Supplementation in Healthcare Policy
    Coatings World

    Latest Breaking News From Coatings World

    The Southern Society for Coatings Technology's 84th Annual Technical Conference A Success
    PPG to Showcase Specialty Automotive, Aerospace Adhesives, Sealants at Adhesives & Bonding Expo
    PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most Read Stories This Week—June 25
    Magnetic Insight Announces $17 Million in Series B Funding
    BreatheSuite Adds Brad Fluegel to its Board
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pierre Fabre and Lonza Enter Manufacturing Agreement
    MasterControl and Elemental Machines Form Biomanufacturing Partnership
    Qosina Strengthens Aseptic Capabilities
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Benefit Exec Joins Madison Reed's Board
    Peroni & Ellis Brooklyn Launch Fragrance Collection Inspired by Italian Spritz Cocktails
    Rhode Is Trending for June, Trendalytics Says
    Happi

    Latest Breaking News From Happi

    A Suitor Emerges for Revlon, SK Capital’s New Dealmaker & P&G’s Indoor Air Quality Efforts
    Wonder Curl Wins GlossWire's GlossPitch Competition
    Anti-aging Skincare Brand Vitabrid C12 Launches Bestsellers on Amazon
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: INX’s VC Fund, Screen Industry and Ball Top This Week’s News
    British Coatings Federation Posts Online History
    Orion Announces Price Increases, Reduced Payment Terms
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    PCMC teams with IGT, Fujifilm makes big announcement and more
    Loftware recognized as 'AIDC Company of the Year'
    Schreiner MediPharm highlights sustainability of Needle-Trap technology
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Tranzonic Names VP of Supply Chain
    Ontex Climate Action Targets Approved by Science-Based Targets Initiative
    Suominen Test Center Assesses Biodegradability of Nonwovens
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—June 25
    3Spine Inc. Receives IDE Approval for U.S. Pivotal Clinical Trial
    Volume-Based Procurement to Reduce Chinese Orthopedic Market Value
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: eMagin, Applied Materials, and Schott Top This Week’s Stories
    NREL Names Jennifer Logan to Leadership Team as CFO
    National Grid Renewables Orders 2 GW of First Solar Modules

    Copyright © 2022 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