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Full-year sales were €57.6 billion, down 18% compared to 2015, with EBIT before special items of €6.3 billion.
February 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
In 2016, BASF achieved the growth and earnings goals it set for itself. The chemicals business grew successfully and profitability improved further. As expected, earnings in Oil & Gas did not match the previous year’s level. “As the year progressed, we were able to increase BASF’s growth. Our sales volumes rose from quarter to quarter. Particularly in Asia, we continually increased our sales volumes in the chemicals business. This shows that the high investments we made in research and d...
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