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Sales increase 3 percent to 19.1 billion euros, with significant earnings increase in Functional Materials & Solutions.
July 24, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sales of BASF Group in the second quarter of 2015 grew by 3% to €19.1 billion compared with the same quarter of the previous year. Sales volumes grew by 2% compared with the second quarter of 2014. This was predominantly through a sharp increase in volumes in the Oil & Gas segment. As a consequence of the significant drop in the price of oil, prices declined overall, especially in the Chemicals and Oil & Gas segments. All segments recorded positive currency effects. “In the second qu...
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