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BASF Group Releases 1Q 2022 Preliminary Figures

Sales expected to be €23,083 million (Q1 2021: €19,400 million), considerably above the prior-year quarter and slightly above analyst consensus.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF has released preliminary figures for the first quarter of 2022. Sales increased by 19% in the first quarter of 2022 to €23,083 million (Q1 2021: €19,400 million). This was mainly driven by higher prices; currency effects, mainly relating to the U.S. dollar, had a slightly positive effect. Sales thus slightly exceeded average analyst estimates for the first quarter of 2022 (Vara: €21,982 million). The BASF Group’s operating business performed better than in the first quarter of 2021. In t...

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