BASF: Good Results in 2011
BASF significantly surpassed the levels of 2010 in sales and earnings, and thus again earned a premium on its cost of capital in 2011. Compared with 2010, sales increased by 15% to EUR 73.5 billion. All regions contributed to this increase. Income from operations (EBIT) before special items improved by 4% to EUR 8.4 billion and EBIT increased almost 11% to EUR 8.6 billion.
Dr. Kurt Bock, Chairman of the Board of Executive Directors, propose a higher dividend of EUR 2.50 at the Annual Meeting. This is an increase of EUR 0.30 compared with the previous year.
Excluding the effects of acquisitions and divestitures, BASF wants to increase sales volumes. The company aims to exceed the 2011 levels in sales and EBIT before special items. Earnings will be supported by the resumption of crude oil production in Libya, as well as growing volumes in the chemicals business.
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