Sales 126CHINA PLASTIC Granulators.80 million euros Basov operating performance in the second quarter of 2020 is better than market expectations

Date:2022-8-08 Author:Sam

BASF announced preliminary data on the business situation in the second quarter of 2020 on July 10. In the second quarter of 2020, sales were 12.680 billion euros (the second quarter of 2019: 14.478 billion euros), a decrease of 12.4%. The revenue of the pre -interest tax of the BASF Group in the second quarter of 2020 is 226 million euros, which is higher than the market expectations and within the expected range of BASF, but it has declined significantly compared with the same period last year (2019 second Quarter: 995 million euros). TIMG.JPG’s decline in revenue before interest taxation does not count on special projects. The income in the fields of materials, surface treatment technology, chemicals, and industrial solutions has decreased significantly compared with the same period in 2019. This is mainly due to the decline in the company’s most important customer industry, the demand for the automobile industry. In addition, the profitability of nutrition and care business and the \”other\” business areas have increased year -on -year, which has some offsetting effects on the decline in income. The revenue in the field of agricultural solutions is the same as that in the second quarter of 2019. The pre -interest tax revenue in the second quarter of 2020 is expected to be 59 million euros, which is significantly lower than the level of the same period last year (the second quarter of 2019 was 507 million euros). The net income of the BASF Group in the second quarter of 2020 is expected to be 878 million euros. The main reason is to impair the equity investment of Wintershall Dea (the impairment without cash flow). This data will be significantly lower than the current analyst’s expectations and the same period last year (the second quarter of 2019: 5.954 billion euros). The impairment of about 800 million euros is caused by the reduction of oil and gas prediction prices and changes in reserves. In the same period last year’s net income, after the merger of Wintershall and Dea on May 1, 2019, Wintershall’s book income was 5.684 billion euros.