BASF’s third quarter financial report was released: the income was a significant increase in Difference BetWeen AC Wire and DC Wire

Date:2022-8-08 Author:Sam

Under the continuous impact of the new crown epidemic in the global economy, the performance of the BASF Group in the third quarter of 2020 was good. The key data is as follows: \u0026#8226; Sales: 13.8 billion euros (compared to the second quarter) \u0026#8226; EBIT: 581 million euros of special projects, (compared to the second quarter+3.55 billion euros) \u0026#8226; EBIT : -2.6 billion euros \u0026#8226; Free Cash Stream: 1.4 billion euros 824881750.jpg BASF’s President Dr. Martin Brudermüller, the chairman of the executive board of the European company, said: \”This significant growth is mainly due to the good business performance in September . \”In the third quarter of the BASF Group, it was 13.8 billion euros, a slight decrease of 745 million euros compared with the same period in 2019. Compared with the second quarter of 2020, sales increased by 1.1 billion euros. The pre -interest tax of special projects decreased sharply by 475 million euros compared with the same period last year, with 581 million euros. This is mainly due to the reduction of income brought about by chemical business. The special projects in the third quarter of 2020 in the third quarter of interest taxes were 3.2 billion euros. The negative impact of the new crown epidemic on the economy and the adjustment measures of architecture have brought about 2.8 billion euros of asset impairment in all business areas. 1390718728.jpg1815176579.jpg 1907574515.jpg, in addition, the relevant 313 million euros involved in the adjustment of the architecture of the Ministry of Business Services is also reflected. The revenue before the interest tax was 2.6 billion euros, a significant decline in the same period in 2019 (1.3 billion euros in the second quarter of 2019). Compared with the third quarter of 2019, the third quarter of 2020 regardless of special projects, interest taxes, depreciation and amortization, the revenue fell 438 million euros, which was 1.5 billion euros. The income before the interest tax, depreciation and amortization fell 1.2 billion euros to 1 billion euros. The net income declined to a negative 2.1 billion euros, and in the third quarter of 2019, it was 911 million euros. Although the net income fell by 3 billion euros, the cash flow generated by operating activities in the third quarter of 2020 was 2.1 billion euros, an increase of 102 million euros over the same period in 2019. Compared with the same period last year, the business performance of various regions has decreased by 12%in the third quarter of 2020, mainly due to the decline in sales, especially other and other material business areas. 90694992.JPG’s sales in North America decreased by 6%, mainly due to the decrease in sales, especially the sales of chemical business in the non -planned discontinuation of the non -planned production of Arthur Port in Texas, the United States. Compared with the third quarter of 2019, sales in the Asia -Pacific region of BASF increased by 10%This is largely due to the increase in sales in almost all business areas. Southern, Africa, and the Middle East sales decreased by 9%compared with the same period last year, mainly caused by unfavorable exchange rate factors in all business areas, especially agricultural solutions. In the third quarter of 2020, the BASF Group was retracted from the sharp decline in the previous quarter in the third quarter of 2020, but the global production level was still 3%lower than the same period last year. 1563065885.jpg was particularly seriously affected by production in the second quarter. In the third quarter of 2020, it still decreased by about 2%compared with the same period last year. The demand for durable consumer goods has begun to rise, and the demand for consuming products such as food and care has increased significantly due to the epidemic cause. Following the impact of dynamic recovery in the third quarter, it is expected that this growth momentum will slow down this year. Therefore, BASF’s evaluation of the global economic environment in 2020 is as follows (percentage percentage number four to five to one after one): GDP increases: -5.0% of industrial production growth: -5.0% chemical production growth: -2.5% of BASF’s predictions above the predictions Assume that the strict economic activity measures for the new crown epidemic, such as blocking towns, will not be re -implemented. In the fourth quarter of 2020, BASF predicted that the group’s pre -interest tax revenue of the group will continue to improve compared with the third quarter. The annual sales of the BASF Group will decrease slightly over the previous year, mainly due to the weakening of various demand caused by the new crown epidemic. BASF predicted that the pre -interest tax income of the special project in 2020 will decline significantly. In addition to weak demand, the company is also expected to continue to be under pressure, especially basic chemicals, which will partially offset fixed cost savings. Therefore, the BASF Group is expected to be between 57 and 58 billion euros in 2020, and the pre -interest tax income of special projects will be between 30 and 3.3 billion euros. Between 1.0 %.