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DGAP-Ad-hoc: BASF SE / Key word(s): Quarter Results BASF Group releases preliminary figures for first quarter of 2022 - Sales expected to be €23,083 million (Q1 2021: €19,400 million), considerably above the prior-year quarter and slightly above analyst consensus - EBIT before special items expected to be €2,818 million (Q1 2021: €2,321 million), considerably above the prior-year quarter and considerably above analyst consensus - EBIT expected to be €2,785 million (Q1 2021: €2,311 million), considerably above the prior-year quarter and considerably above analyst consensus - Net income expected to be €1,221 million (Q1 2021: €1,718 million), considerably below the prior-year quarter and considerably below analyst consensus
The BASF Group's operating business performed better than in the first quarter of 2021. In the first quarter of 2022, EBIT before special items amounted to an expected €2,818 million, an increase of 21 percent compared with the prior-year quarter (Q1 2021: €2,321 million) and thus also considerably above the analyst consensus for the first quarter of 2022 (Vara: €2,431 million). All segments exceeded average analyst estimates for EBIT before special items in the first quarter of 2022. In Other, EBIT before special items was considerably lower than expected by analysts on average. The BASF Group's EBIT amounted to an expected €2,785 million in the first quarter of 2022, considerably above the figure for the prior-year quarter (Q1 2021: €2,311 million) and considerably above the analyst consensus for the first quarter of 2022 (Vara: €2,377 million). Net income reached €1,221 million, considerably below the figure for the prior-year quarter (Q1 2021: €1,718 million) and considerably below average analyst estimates for the first quarter of 2022 (Vara: €1,767 million). This is due to impairment charges recognized by Wintershall Dea, particularly for loans to Nord Stream 2 AG, which BASF included in its net income from shareholdings on a proportional basis (72.7%) with around €1.1 billion. Further information BASF will publish the Quarterly Statement Q1 2022 on Friday, April 29, 2022, at 7:00 a.m. CEST and will comment on the figures at the conference call for analysts and investors (from 08:30 a.m. CEST). Contact Jens Fey
11-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
| EQS News ID: | 1325505 |
| End of Announcement | DGAP News Service |
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1325505 11-Apr-2022 CET/CEST
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