Actual development compared with outlook for 2013

Overall, we achieved the increase we forecasted in BASF Group sales and income from operations for 2013. Performance in the individual segments varied, however. We raised sales and income from operations in the Functional Materials & Solutions, Agricultural Solutions and Oil & Gas segments, as targeted. In Other, we were able to increase sales, thus exceeding our forecast. This was particularly due to higher-than-expected sales for precursors not assigned to a particular segment.

Contrary to our expectations, sales in the Chemicals segment were down compared with 2012 levels. In the Petrochemicals division, sales prices fell as a result of lower raw material costs. We increased our sales volumes as expected in the Monomers and Intermediates divisions; however, this gain in volumes was offset by negative currency effects, as well as by declining prices. Overall, we did not achieve the targeted improvement in income from operations, mostly on account of special charges from the impairment of a plant in 2013.

In the Performance Products segment, we anticipated sales growth in all divisions. This was achieved in the Nutrition & Health division. In the other divisions, sales were particularly dampened by negative currency effects that were stronger than expected. We reached the targeted increase in income from operations in the Care Chemicals and Paper Chemicals divisions. Earnings declined in the Dispersions & Pigments, Nutrition & Health and Performance Chemicals divisions, especially owing to the negative currency effects.

We invested a total of €4.4 billion in property, plant and equipment in 20131, putting us at the upper end of the planned range of up to €4.5 billion.

1 Excluding additions to property, plant and equipment resulting from acquisitions, capitalized exploration, restoration obligations and IT investments

  (XLS:) Download (xls, 23 kB)

Forecast/actual comparison

 

Sales

 

Income from operations (EBIT)

 

2013 forecast

2013 actual

 

2013 forecast

2013 actual

2

For more on income before operations of Other, see the Notes to the Consolidated Financial Statements.

Chemicals

Increase

(5%)

 

Increase

(4%)

Performance Products

Increase

(1%)

 

Increase

(14%)

Functional Materials & Solutions

Increase

+1%

 

Increase

+27%

Agricultural Solutions

Increase

+12%

 

Increase

+18%

Oil & Gas

Increase

+16%

 

Increase

+50%

Other

Decrease

+3%

 

Decrease

(209%)2

BASF Group

Increase

+3%

 

Increase

+8%