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Last Update: 10/29/2009
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BASF Group Business Review
3rd Quarter 2009

Our business continued to stabilize in the third quarter of 2009. Sales and earnings nevertheless decreased considerably compared with the same quarter of 2008, which was already affected by the emerging economic crisis. At €12.8 billion, sales were 19% lower than in the same quarter of 2008 – primarily due to a decline in prices. Income from operations before special items fell by 20% to €1,248 million. Successful measures to cut costs and increase efficiency, along with improved margins in many business areas, have helped to stabilize earnings. Our cash flow almost doubled compared with the same period of 2008.

BASF GROUP 3RD QUARTER 2009

  • Business stabilizes in third quarter, but sales and earnings significantly lower compared with same quarter of 2008
  • Sales 19% lower, in particular due to a decline in prices (–19%) and lower volumes (–6%); decline in all segments except Performance Products
  • Income from operations before special items down 20%; higher earnings in Plastics and Performance Products compared with same quarter of 2008

Sales volumes were lower than in the third quarter of 2008. In particular, prices declined in almost all divisions. Only Agricultural Solutions, Coatings and Construction Chemicals recorded a slight increase in prices. Portfolio measures, in particular the acquisition of Ciba, led to a 5% increase in sales.

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Factors influencing sales (% of sales)

 

 

 

3rd Quarter

January – September

Volumes

(6)

(15)

Prices

(19)

(12)

Acquisitions/divestitures

5

3

Currencies

1

2

 

(19)

(22)

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