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BASF’s Sales Rise 3%

August 1, 2014

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). Although volumes rose in the chemicals, performance products and functional materials and solutions segments, 2013 sales declined slightly, which BASF blamed on negative currency effects.

Net income totaled $6.5 billion (€4.8 billion), slightly above the previous year’s level. Specifically, 2013 chemical sales declined 5% to $23.2 billion (€17.0 billion) due to lower prices and negative currency effects. 
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