BASF SE

Earnings Release • Oct 20, 2010

BASF SE / Quarter Results

20.10.2010 08:04

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Third-quarter results significantly above previous year: * Sales EUR15.8 billion, EBIT before special items EUR2.2 billion, EBIT EUR2.15 billion Expectations for full year 2010: * Sales approximately EUR63 billion and EBIT before special items more than EUR8 billion Outlook: * Stable business development in coming months * Uncertainties in general economic development due to winding down of national stimulus programs, high levels of national debt in many countries, volatile raw material and foreign exchange markets and increasing trade barriers

Ludwigshafen, Germany - October 20, 2010 - BASF today announced first figures for the third quarter of 2010 and raised its outlook for the full year. Compared with the same quarter of the previous year, third-quarter sales increased 23% to EUR15.8 billion, EBIT before special items rose 77% to EUR2.2 billion and EBIT increased 122% to EUR2.15 billion. The figures are at the same high level of the second quarter of 2010.

Sales in the first nine months of 2010 rose 27% to EUR47.5 billion, EBIT before special item increased 89% to EUR6.4 billion and EBIT by 127% to EUR6.1 billion.

For the fourth quarter, the company expects the good business development to continue and has raised its outlook for the current year. For 2010, BASF expects sales of around EUR63 billion and EBIT before special items of over EUR8 billion. This exceeds the peak levels of the years 2007 and 2008.

The record figures reflect the dynamics in BASF's businesses, its improved portfolio and operational excellence which have been able to show their full impact in the current favorable economic environment. This is also reflected in the high level of the company's nine-month operating cash flow of EUR5.3 billion.

In spite of the current good results, BASF sees a number of uncertainties in the long-term economic outlook. The positive economic development of the past months will not necessarily continue at the same pace in 2011. Risks also remain which could jeopardize a sustainable recovery. The high debt level of many countries threatens the stability of the financial and banking systems. The necessary reduction in government spending and the winding down of national stimulus programs could dampen overall demand. Risks are also associated with volatile raw material and foreign currency markets, overcapacities, growing geopolitical tensions and protectionism through new trade barriers.

Jennifer Moore-Braun Telefon: +49 621 60-99123 Fax: +49 621 60-92693 jennifer.moore-braun@bsf.com

20.10.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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English BASF SE Carl-Bosch-Straße 38 67056 Ludwigshafen Deutschland +49 (0)621 60-0 +49 (0)621 60-4 25 25 info.service@basf.com www.basf.com
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Oct 20, 2010 07:30:18
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