07.11.22
BASF has released preliminary figures for the second quarter of 2022. Sales increased by 16 % in the second quarter of 2022 to €22,974 million (Q2 2021: €19,753 million). This was mainly driven by higher prices; currency effects, primarily relating to the U.S. dollar, had a positive effect as well. Volumes declined slightly compared with the prior-year quarter. Sales thus exceeded average analyst estimates for the second quarter of 2022 (Vara: €21,737 million).
Income from operations (EBIT) before special items amounted to an expected €2,339 million in the second quarter of 2022, almost on a level with the prior-year quarter (Q2 2021: €2,355 million) and significantly above the analyst consensus for the second quarter of 2022 (Vara: €2,092 million). Increased prices for raw materials and energy were largely passed on through higher selling prices.
The BASF Group’s EBIT amounted to an expected €2,350 million in the second quarter of 2022, slightly above the figure for the prior-year quarter (Q2 2021: €2,316 million) and significantly above the analyst consensus for the second quarter of 2022 (Vara: €2,012 million).
Net income reached an expected €2,090 million, considerably above the figure for the prior-year quarter (Q2 2021: €1,654 million) and significantly above average analyst estimates for the second quarter of 2022 (Vara: €1,408 million). The considerable increase compared with the prior-year quarter primarily resulted from the higher income from the shareholding in Wintershall Dea.
The forecast published by the BASF Group for the 2022 business year remains unchanged for the time being.
Income from operations (EBIT) before special items amounted to an expected €2,339 million in the second quarter of 2022, almost on a level with the prior-year quarter (Q2 2021: €2,355 million) and significantly above the analyst consensus for the second quarter of 2022 (Vara: €2,092 million). Increased prices for raw materials and energy were largely passed on through higher selling prices.
The BASF Group’s EBIT amounted to an expected €2,350 million in the second quarter of 2022, slightly above the figure for the prior-year quarter (Q2 2021: €2,316 million) and significantly above the analyst consensus for the second quarter of 2022 (Vara: €2,012 million).
Net income reached an expected €2,090 million, considerably above the figure for the prior-year quarter (Q2 2021: €1,654 million) and significantly above average analyst estimates for the second quarter of 2022 (Vara: €1,408 million). The considerable increase compared with the prior-year quarter primarily resulted from the higher income from the shareholding in Wintershall Dea.
The forecast published by the BASF Group for the 2022 business year remains unchanged for the time being.