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BASF Group Releases 2Q 2022 Preliminary Figures

Sales expected to be €22,974 million (Q2 2021: €19,753 million), considerably above the prior-year quarter and above analyst consensus.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF has released preliminary figures for the second quarter of 2022. Sales increased by 16 % in the second quarter of 2022 to €22,974 million (Q2 2021: €19,753 million). This was mainly driven by higher prices; currency effects, primarily relating to the U.S. dollar, had a positive effect as well. Volumes declined slightly compared with the prior-year quarter. Sales thus exceeded average analyst estimates for the second quarter of 2022 (Vara: €21,737 million). Income from operations (EBIT) b...

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