Regions

Q2 2022

Sales at companies located in Europe rose by 19.2% compared with the prior-year quarter. Sales growth was mainly driven by significantly higher prices, especially in the Chemicals and Materials segments. Currency effects had a slightly positive impact on sales. Lower volumes, particularly in the Surface Technologies and Materials segments, dampened sales development. Sales were also reduced by portfolio effects, especially in the Industrial Solutions segment following the sale of the pigments business.

Compared with the prior-year quarter, sales in North America rose by 16.2% in euros and by 2.9% in local currency terms. The sales increase was largely attributable to positive currency effects. In addition, higher prices supported sales growth in all segments except Surface Technologies. Sales were slightly dampened by lower volumes in the Surface Technologies segment in particular. Portfolio effects, especially in the Industrial Solutions and Nutrition & Care segments following the sale of the pigments business and the production site in Kankakee, Illinois, also reduced sales in the region.

In the Asia Pacific region, sales rose by 8.2% in euros and by 0.2% in local currency terms compared with the second quarter of 2021. In Greater China, sales rose by 1.9% in euros to €2,939 million. Sales growth in the region was partially attributable to positive currency effects. Portfolio effects in the Surface Technologies segment from the acquisition of a majority shareholding in BASF Shanshan Battery Materials also contributed significantly to the sales increase. In addition, sales were positively impacted by slightly higher prices overall. Lower price levels in the Surface Technologies segment were more than offset by price increases in the other segments. Lower sales volumes in almost all segments had an offsetting effect, primarily driven by the coronavirus lockdowns in China and the resulting supply chain disruptions. Only the Agricultural Solutions segment was able to slightly increase volumes in this challenging market environment.

Sales in the region South America, Africa, Middle East rose by 36.1% in euros and by 18.6% in local currency terms compared with the prior-year quarter. The growth in sales was mainly the result of positive currency effects and higher prices in all segments. Higher volumes also supported sales performance in the region, especially in the Industrial Solutions and Nutrition & Care segments.