BASF Group releases preliminary figures for the first quarter of 2022
pu world
pu world
2022-04-13 14:47:19
● Sales are expected to reach EUR 23.083 billion (Q1 2021: EUR 19.4 billion), significantly higher than the same period last year and slightly higher than the analyst consensus
● EBIT before special items is expected to reach EUR 2,818 million (Q1 2021: EUR 2,321 million), significantly higher than the same period last year and analyst consensus
● EBIT is expected to reach 2.785 billion euros (Q1 2021: 2.311 billion euros), significantly higher than the same period last year and analyst consensus
● Net income is expected to reach EUR 1.221 billion (Q1 2021: EUR 1.718 billion), significantly lower than the same period last year and analyst consensus
China pu foam products factory BASF has released preliminary data for the first quarter of 2022. Sales in the first quarter of 2022 increased by 19% to EUR 23.083 billion (Q1 2021: EUR 19.4 billion). This was mainly due to higher prices, and a minor role played by currency positivity, mainly driven by the US dollar. Sales in the first quarter of 2022 were slightly higher than the average analyst forecast (Vara: 21.982 billion euros).
China pu head guard helmet manufacturer The BASF Group's business operations performed better than in the first quarter of 2021. In the first quarter of 2022, EBIT before special items is expected to be 2.818 billion euros, an increase of 21% compared to the same period last year (Q1 2021: 2.321 billion euros) and also significantly higher than analysts’ estimates for 2022 Average forecast for the first quarter (Vara: EUR 2.431 billion).
China pu head gear helmet supplier In the first quarter of 2022, EBIT before special items in all business areas exceeded analysts' average forecasts; in "Other" business areas, EBIT before special items was significantly lower than analysts' estimates. Average expectations.
The BASF Group’s EBIT in the first quarter of 2022 is expected to be EUR 2,785 million, which is significantly higher than the same period last year (Q1 2021: EUR 2,311 million) and significantly higher than the average analyst forecast for the first quarter of 2022 (Vara: 2.377 billion euros).
Net income of EUR 1.221 billion was well below the prior year period (Q1 2021: EUR 1.718 billion) and also well below the average analyst forecast for the first quarter of 2022 (Vara: EUR 1.767 billion) ), due to impairment charges recognised by Wintershall Dea, in particular the loan to Nord Stream 2, for which BASF accounted for its shareholding ratio (72.7%) of approximately EUR 1.1 billion to its net income.
● EBIT before special items is expected to reach EUR 2,818 million (Q1 2021: EUR 2,321 million), significantly higher than the same period last year and analyst consensus
● EBIT is expected to reach 2.785 billion euros (Q1 2021: 2.311 billion euros), significantly higher than the same period last year and analyst consensus
● Net income is expected to reach EUR 1.221 billion (Q1 2021: EUR 1.718 billion), significantly lower than the same period last year and analyst consensus
China pu foam products factory BASF has released preliminary data for the first quarter of 2022. Sales in the first quarter of 2022 increased by 19% to EUR 23.083 billion (Q1 2021: EUR 19.4 billion). This was mainly due to higher prices, and a minor role played by currency positivity, mainly driven by the US dollar. Sales in the first quarter of 2022 were slightly higher than the average analyst forecast (Vara: 21.982 billion euros).
China pu head guard helmet manufacturer The BASF Group's business operations performed better than in the first quarter of 2021. In the first quarter of 2022, EBIT before special items is expected to be 2.818 billion euros, an increase of 21% compared to the same period last year (Q1 2021: 2.321 billion euros) and also significantly higher than analysts’ estimates for 2022 Average forecast for the first quarter (Vara: EUR 2.431 billion).
China pu head gear helmet supplier In the first quarter of 2022, EBIT before special items in all business areas exceeded analysts' average forecasts; in "Other" business areas, EBIT before special items was significantly lower than analysts' estimates. Average expectations.
The BASF Group’s EBIT in the first quarter of 2022 is expected to be EUR 2,785 million, which is significantly higher than the same period last year (Q1 2021: EUR 2,311 million) and significantly higher than the average analyst forecast for the first quarter of 2022 (Vara: 2.377 billion euros).
Net income of EUR 1.221 billion was well below the prior year period (Q1 2021: EUR 1.718 billion) and also well below the average analyst forecast for the first quarter of 2022 (Vara: EUR 1.767 billion) ), due to impairment charges recognised by Wintershall Dea, in particular the loan to Nord Stream 2, for which BASF accounted for its shareholding ratio (72.7%) of approximately EUR 1.1 billion to its net income.