BASF Announces Record Increase in Sales
BASF posted the fourth-quarter results last Friday and reported a record increase in sales which rose to €73.5bn in 2011.
German chemicals major BASF announced last Friday it achieved a record increase in sales which rose to €73.5bn in 2011, a 15% increase over the record levels it achieved in 2010.
Income from operations (EBIT) before special items also improved, rising by 4% to €8.4bn for the full year 2011 and EBIT increased almost 11% to €8.6bn.
Sales in Q4, at around €18.1bn, were also higher than in 2010, although EBIT before special items was down 14% to €1.5bn compared with the same period in 2010, reflecting the slowing of the economy and the consequent caution customers showed in their ordering.
In Chemicals, price increases in all divisions led to higher sales in Q4. And for t
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