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18.01.2018 - 16:49

DGAP-Adhoc: BASF SE: Earnings increase considerably in the 2017 business year and exceed analyst estimates significantly



DGAP-Ad-hoc: BASF SE / Key word(s): Final Results


BASF SE: Earnings increase considerably in the 2017 business year and exceed analyst estimates significantly


18-Jan-2018 / 16:49 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




BASF Group: Earnings increase considerably in the 2017 business year and exceed analyst estimates significantly



EBIT before special items expected to be EUR8.3 billion (up 32% compared with previous year)

EBIT expected to be EUR8.5 billion (up 36% compared with previous year)



Ludwigshafen - January 18, 2018 - BASF herewith announces preliminary, non-audited figures for the 2017 business year. As forecast by BASF, sales, income from operations (EBIT) before special items and EBIT are considerably above the level of the previous year. The earnings figures exceed analyst estimates significantly.



Sales rose by 12% to EUR64.5 billion (2016: EUR57.6 billion). EBIT before special items for 2017 is expected to be EUR8.3 billion, 32% above the prior-year figure (2016: EUR6.3 billion). The year-on-year earnings growth is primarily attributable to the strong earnings increase in the Chemicals segment. Higher volumes and margins in the Monomers, Petrochemicals and Intermediates divisions are the main contributing factors. The significant earnings improvements in the Oil & Gas segment and in Other also contribute to the BASF Group's considerably higher EBIT before special items. EBIT before special items in the Performance Products and Functional Materials & Solutions segments is below the 2016 levels. This is mainly the result of increased raw material prices, which could not be fully passed on via sales prices, and higher fixed costs from the startup of new plants. Due to a strong earnings increase in the fourth quarter, EBIT before special items in the Agricultural Solutions segment almost matches the 2016 level.



For the full year 2017, the BASF Group's EBIT is expected to rise by 36% to EUR8.5 billion (2016: EUR6.3 billion). Net income is expected to exceed the prior-year level by 50% and reach around EUR6.1 billion (2016: EUR4.1 billion). The reduction in the U.S. corporate tax rate from 35% to 21% results in one-time noncash, deferred tax income of almost EUR400 million in the fourth quarter of 2017.



The BASF Group's key earnings figures for the 2017 business year significantly exceed analyst estimates. An overview of analyst estimates, which is compiled monthly on behalf of BASF, can be found at: www.basf.com/analysts-estimates.



On Tuesday, February 27, 2018 at 07:00 a.m. CET, BASF will publish the BASF Report 2017 including the audited Consolidated Financial Statements and will comment on the figures at its Annual Press Conference (from 10:30 a.m. CET) and its conference call for analysts and investors (from 02:00 p.m. CET).



Contact



Dr. Stefanie Wettberg



Investor Relations



+49 621-60-48002



stefanie.wettberg@basf.com



Jens Fey



Media Relations



+49 621-60-99123



jens.fey@basf.com






 








18-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



























Language: English
Company: BASF SE

Carl-Bosch-Straße 38

67056 Ludwigshafen

Germany
Phone: +49 (0)621 60-0
Fax: +49 (0)621 60-4 25 25
E-mail: info.service@basf.com
Internet: www.basf.com
ISIN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN: BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX





 
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