27 July 2016
DETAILS
Net income decreased by €173 million
to €1.1 billion.
Earnings per share were €1.19
in the second quarter of 2016,
compared with €1.38 in the same period of 2015.
Adjusted for special items and amortization
of intangible assets,
earnings per share amounted to €1.30
(second quarter of 2015: €1.49).
Outlook for full year 2016
For 2016, the company anticipates
a continuation of the currently
challenging market conditions along with
substantial risks.
BASF’s expectations
for the global economic environment in 2016
remain unchanged:
- Growth in gross domestic product: 2.3%
- Growth in industrial production: 2.0%
- Growth in chemical production: 3.4%
- An average euro/dollar exchange rate
of $1.10 per euro - An average Brent blend oil price
for the year of $40 per barrel
Dr. Kurt Bock,
Chairman of the Board of Executive Directors of BASF SE
In the second quarter of 2016,
BASF saw a slight improvement
in the macroeconomic environment.
The increase in oil price and pickup in demand
since the end of March underline this development.
“We experienced robust demand, especially
from the automotive and construction industries.
However, the macroeconomic situation
remains difficult to predict,”
“We confirm our 2016 forecast
for BASF Group sales and EBIT
before special items:
We aim to increase sales volumes.
BASF Group sales will decline considerably,
however, primarily as a result of
the divestiture of the gas trading and storage business
as well as lower oil and gas prices.
We continue to expect EBIT before special items
to be slightly below 2015 levels,”
“Our outlook for 2016 remains ambitious
in the current volatile and challenging environment,
and is particularly dependent
on further oil price development.
With this in mind, we remain focused on
cost-containment and restructuring measures,
which have proven effective in the first half of 2016.
Our recent portfolio measures will contribute to
the mid and long-term success of our company,”
VIEW BASF KEY FIGURES FOR Q2 2016
Contact BASF
Jennifer Moore-Braun
Phone: +49 621 60-99123
jennifer.moore-braun@basf.com
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