Breaking News

BASF's Sales Rise 3% in 2013

February 25, 2014

Gains tempered by chemical sales.

Driven by gains in its oil and gas and agricultural solutions segments, BASF's 2013 sales rose nearly 3% to $101.3 billion (74 billion euros). Although volumes rose in the chemicals, performance products and functional materials and solutions segments, 2013 sales decline slightly, which BASF blamed on negative currency effects.

"Two thousand thirteen was again a demanding year, with a lot of headwind for our industry. Nevertheless, we achieved our goal: We sold more, worked more closely together with our customers and enhanced our portfolio," said Dr. Kurt Bock, chairman of the board of executive directors of BASF SE at the annual press conference in Ludwigshafen.

Net income totaled $6.5 billion (4.8 billion euros), slightly above the previous year's level. Earnings per share rose from $7.19 (5.25 euros) to $7.21 (5.27 euros). Adjusted earnings per share amounted to $7.35 (5.37 euros),  down $0.36 (0.27 euros) under the previous year.

Specifically, 2013 chemical sales declined 5% to $23.2 billion (17.0 billion euros) on account of lower prices and negative currency effects.

Looking ahead, the company expects another difficult year in 2014.

"We do not expect strong tailwinds this year either. Nevertheless, we are cautiously optimistic with regards to global economic development. The world economy is expected to grow slightly faster in 2014 than in 2013, despite continuing volatility," said Bock.

For 2014, BASF assumes the following economic conditions (previous year figures in parentheses):

• Global economic growth: +2.8% (+2.3%)
• Growth in global chemical production (without pharmaceuticals): +4.4% (+4.6%)
• An average euro/dollar exchange rate of $1.30 per euro ($1.33 per euro)
• An average oil price (Brent) of $110 per barrel ($109 per barrel)

"Overall, we expect to perform well in a market environment that remains challenging in 2014," added Bock. "We aim to increase our sales volumes excluding the effects of acquisitions and divestitures."



BASF
  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • The Top Stories of 2016

    The Top Stories of 2016

    December 26, 2016
    The companies and topics that grabbed headlines and your attention this year.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.