Other

Q1 2019

Sales in Other increased considerably compared with the prior-year quarter. This was mainly due to the remaining activities of BASF’s paper and water chemicals business, which were not part of the transfer to Solenis and have since been reported under Other. Income from operations before special items was considerably below the figure for the first quarter of 2018. This was largely attributable to foreign currency results and valuation effects for our long-term incentive program.

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Financial data – Other (Million €)

 

 

Q1

 

 

2019

2018

+/–

a

Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments)

b

Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group including the disposal group for the oil and gas business.

c

Additions to intangible assets and property, plant and equipment

Sales

 

700

574

22%

Income from operations before depreciation, amortization and special items

 

(236)

(44)

.

Income from operations before depreciation and amortization (EBITDA)

 

(271)

(54)

.

Depreciation and amortizationa

 

47

31

52%

Income from operations (EBIT)

 

(318)

(85)

.

Special items

 

(36)

(9)

.

EBIT before special items

 

(282)

(76)

.

of which Costs for cross-divisional corporate research

 

(98)

(80)

(23%)

Costs of corporate headquarters

 

(58)

(53)

(9%)

Other businesses

 

11

(7)

.

Foreign currency results, hedging and other measurement effects

 

(24)

176

.

Miscellaneous income and expenses

 

(113)

(112)

(1%)

Assets (March 31)b

 

26,710

27,230

(2%)

Investments including acquisitionsc

 

82

190

(57%)

Research and development expenses

 

101

82

23%