Other

Q3 2020

Sales in Other declined considerably compared with the prior-year quarter. This primarily reflected a decrease in commodity trading and in the remaining activities of the paper and water chemicals business, which have been reported under Other since the divestiture as of February 2019.

Income from operations before special items was considerably below the figure for the third quarter of 2019.

EBIT for the third quarter of 2020 included a special charge for provisions in connection with the realignment of the Global Business Services unit. The figure for the third quarter of 2019 included special income from the sale of BASF’s share of the Klybeck site in Basel, Switzerland.

Compared with the second quarter of 2020, sales in Other were slightly lower and EBIT before special items declined considerably.

(XLSX:) XLS

Financial data – Other (Million €)

 

Q3

January–September

 

2020

2019

+/–

2020

2019

+/–

Sales

484

698

(31%)

1,693

2,141

(21%)

Income from operations before depreciation, amortization and special itemsa

(199)

(135)

(47%)

(494)

(466)

(6%)

Income from operations before depreciation and amortization (EBITDA)a

(588)

193

.

(948)

(362)

.

Depreciation and amortizationb

57

33

73%

146

133

10%

Income from operations (EBIT)a

(645)

160

.

(1,094)

(495)

.

Special itemsa

(408)

330

.

(478)

102

.

EBIT before special itemsa

(237)

(170)

(39%)

(616)

(597)

(3%)
of which costs for cross-divisional corporate research

(95)

(91)

(4%)

(251)

(288)

13%

costs of corporate headquarters

(53)

(57)

7%

(164)

(181)

9%

other businesses

21

53

(60%)

72

138

(48%)

foreign currency results, hedging and other measurement effects

(15)

(15)

–

(10)

(52)

81%

miscellaneous income and expenses

(95)

(60)

(58%)

(263)

(214)

(23%)

Assets (September 30)c

30,327

28,220

7%

30,327

28,220

7%

Investments including acquisitionsd

38

(63)

.

112

84

33%

Research and development expenses

99

97

2%

266

301

(12%)

a

The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Note 1 in the Half-Year Financial Report.

b

Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)

c

Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group

d

Additions to property, plant and equipment and intangible assets