BASF Increases Sales and Income
For the full year, BASF SE, Ludwigshafen, Germany, increased sales to EUR 78.7 billion, up 7% compared with 2011. EBIT before special items improved by 5% to EUR 8.9 billion and EBIT by almost 5% to around EUR 9 billion. Net income fell by EUR 1.3 billion to EUR 4.9 billion, due in part to the higher earnings contribution from Oil & Gas and thus the significantly higher taxes.
At the Annual Shareholders’ Meeting, the Board of Executive Directors and the Supervisory Board will propose a higher dividend of EUR 2.60 per share. This is an increase of EUR 0.10 compared with the previous year. Based on the 2012 year-end share price of EUR 71.15, the dividend yield would be 3.65%.
Sales in Plastics increased due to higher volumes and prices as well as positive currency effects. There was continuing strong demand from the automotive industry, particularly in North America and Asia. EBIT before special items rose substantially due to a significant improvement in earnings in Polyurethanes. In 2012, sales in the Plastics segment increased 4% to EUR 11.4 billion. EBIT before special items declined by 27% to EUR 873 million.
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