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Last Update:
March 1, 2012
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BASF Group outlook

Profitable growth with the “We create chemistry” strategy

Outlook 2012

We expect global economic growth to continue in 2012. Excluding the effects of acquisitions and divestitures, we aim to increase our sales volumes. We strive to exceed the 2011 record levels in sales and income from operations. Earnings development will be supported by the resumption of our crude oil production in Libya as well as by growing volumes in the chemicals business. We aim to earn a high premium on our cost of capital once again in 2012.

We expect global economic growth to continue in 2012. However, uncertainty on the financial markets will dampen growth prospects. Positive impetus for the chemical industry will mainly come from the emerging markets.

Excluding the effects of acquisitions and divestitures, we aim to increase our sales volumes. We strive to exceed the 2011 record levels in sales and income from operations. Earnings development will be supported by the resumption of our crude oil production in Libya as well as by growing volumes in the chemicals business. We aim to earn a high premium on our cost of capital once again in 2012.

As presented in detail in Economic environment, we expect the global economy in 2012 to grow at the previous year’s level (+2.7%) and anticipate solid growth in chemical production (+4.1%). Our forecast assumes an average exchange rate of $1.30 per euro and an oil price of $110 per barrel. In view of the opportunities and risks, we want to once again increase earnings. We do not expect to match the extraordinarily good results of the first two quarters of 2011 in the first half of 2012. For the second half, we expect to surpass the levels of the same period of the previous year.

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