BASF Group 3rd Quarter 2016
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3rd Quarter |
January – September | ||||||||||||
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2016 |
2015 |
Change % |
2016 |
2015 |
Change % | ||||||||
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Sales |
|
million € |
14,013 |
17,424 |
(20) |
42,704 |
56,569 |
(25) |
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Income from operations before depreciation and amortization (EBITDA)1 |
|
million € |
2,437 |
2,872 |
(15) |
8,039 |
8,756 |
(8) |
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Amortization and depreciation2 |
|
million € |
973 |
983 |
(1) |
2,991 |
2,833 |
6 |
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Income from operations (EBIT) |
|
million € |
1,464 |
1,889 |
(22) |
5,048 |
5,923 |
(15) |
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Special items |
|
million € |
(52) |
286 |
. |
(81) |
207 |
. |
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Income from operations (EBIT) before special items1 |
|
million € |
1,516 |
1,603 |
(5) |
5,129 |
5,716 |
(10) |
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Financial result |
|
million € |
(283) |
(175) |
(62) |
(648) |
(491) |
(32) |
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Income before taxes and minority interests |
|
million € |
1,181 |
1,714 |
(31) |
4,400 |
5,432 |
(19) |
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Net income |
|
million € |
888 |
1,209 |
(27) |
3,367 |
3,648 |
(8) |
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Earnings per share |
|
€ |
0.97 |
1.31 |
(26) |
3.67 |
3.97 |
(8) |
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Adjusted earnings per share1 |
|
€ |
1.10 |
1.07 |
3 |
4.04 |
3.99 |
1 |
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Research expenses |
|
million € |
426 |
487 |
(13) |
1,324 |
1,456 |
(9) |
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Personnel costs |
|
million € |
2,509 |
2,447 |
3 |
7,432 |
7,718 |
(4) |
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Number of employees (September 30) |
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|
112,055 |
112,981 |
(1) |
112,055 |
112,981 |
(1) |
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Assets (September 30) |
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million € |
73,103 |
72,318 |
1 |
73,103 |
72,318 |
1 |
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Investments3 |
|
million € |
992 |
1,497 |
(34) |
2,958 |
4,357 |
(32) |
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Equity ratio (September 30) |
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% |
40.7 |
41.6 |
(2) |
40.7 |
41.6 |
(2) |
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Net debt (September 30)4 |
|
million € |
12,337 |
13,764 |
(10) |
12,337 |
13,764 |
(10) |
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Cash provided by operating activities |
|
million € |
2,501 |
3,351 |
(25) |
5,840 |
8,494 |
(31) |
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Free cash flow4 |
|
million € |
1,565 |
1,809 |
(13) |
2,925 |
4,107 |
(29) |
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Changes to the German Securities Trading Act (Wertpapierhandelsgesetz) and the rules of the Frankfurt Stock Exchange have lifted the requirement for BASF to publish a quarterly financial report for the first and third quarters of each business year. In accordance with Section 51a of the rules of the Frankfurt Stock Exchange, we have adapted our reporting for the first and third quarters of the business year to take the form of a Quarterly Statement, starting with the third quarter of 2016. All relevant information has been retained.