Other

Q2 2022

Sales in Other increased considerably compared with the second quarter of 2021. This primarily reflected sales growth in commodity trading.

Income from operations (EBIT) before special items improved considerably compared with the prior-year quarter. This was mainly due to lower accruals for variable compensation components compared with the second quarter of 2021.

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Financial data – Other (Million €)

2022

2021

+/–

2022

2021

+/–

Sales

1,142

793

44.0%

2,082

1,576

32.1%

Income from operations before depreciation, amortization and special items^a

–132

–229

42.3%

–610

–784

22.2%

Income from operations before depreciation and amortization (EBITDA)^a

–280

–419

–850

50.8%

Depreciation and amortization^b

11.0%

12.4%

Income from operations (EBIT)^a

–315

–494

–918

46.2%

Special items

208

–49

192

–65

EBIT before special items^a

–168

–263

36.2%

–686

–852

19.5%

of which costs for cross-divisional corporate research

–74

–78

5.1%

–147

0.0%

costs of corporate headquarters

–68

–61

–11.5%

–132

–119

–10.9%

other businesses

–32

–28

foreign currency results, hedging and other measurement effects

150.0%

–31

miscellaneous income and expenses

–49

–193

74.7%

–466

–605

22.9%

Assets (June 30)^{a, c}

24,305

22,039

10.3%

24,305

22,039

10.3%

Investments including acquisitions^d

19.2%

29.1%

Research and development expenses

3.3%

167

159

5.3%

a	BASF’s ethylene value chain was reorganized internally as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was €28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021.
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

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