• Volume demand remains strong: Second-quarter sales climb to €14.7 billion (up 19 percent) • EBIT before special items reaches €2.0 billion (up 6 percent) • Further portfolio measures: Strategic options under review for parts of styrenics business • Outlook for 2007 confirmed: Significantly higher sales, EBIT before special items to at least match the previous year's record level
BASF – The Chemical Company – remains in top form: In the second quarter and first half of 2007, the company again exceeded the record results posted in the same periods of the previous year. In the second quarter, BASF increased sales by 19 percent and income from operations (EBIT) before special items by 6 percent.
Cumulative sales in the first half of 2007 amounted to €29.3 billion, or 18 percent more than in the same period of 2006. In the first half of this year, EBIT before special items rose by approximately 10 percent to €4.1 billion.
“Our significant earnings growth demonstrates that BASF has reached a higher level of sustainable earnings,” said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF Aktiengesellschaft when presenting BASF's latest results.
BASF has entered the second half of 2007 in stronger form than ever. The demand for chemical products is high, and there are no signs of a summer slowdown.
BASF confirms optimistic forecast for full-year 2007: Hambrecht expects the economy to continue to develop positively. For 2007, he anticipates global economic growth of approximately 3.5 percent, although with large variations from region to region.
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