BASF increases earnings in Q4

Q4, 2014: Sales were €18.0bn (-0.6% yr-on-yr); EBIT before special items €1.5bn (+2.8%); Considerable earnings increase in Chemicals and Agricultural Solutions; significant earnings decrease in the Oil & Gas segment due to lower oil price.

Full year 2014: Sales €74.3bn (+0.5%); EBIT before special items €7.4bn (+4.0%); Earnings per share €5.61 (+7.5%); Dividend proposal €2.80 (€2.70)
Outlook 2015: Slight increase in sales expected, EBIT before special items likely to match level of 2014. "We achieved our goal for 2014: We increased earnings – despite the disappointing economic development in Europe. We grew profitably. We further strengthened our chemicals business and in turn improved our margins. We have our costs firmly under control. This is an outstanding achievement of the entire BASF team,” said Dr Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, at the Annual Press Conference in Ludwigshafen, Germany on February 27.