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Sales of €16.3 billion are up 12%, with free cash flow of €2.1 billion, up 59%.
July 27, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF reported its second quarter 2017 results. Group sales rose by 12% to €16.3 billion compared with the second quarter of 2016. This was largely attributable to higher prices and volumes. Amid higher raw material costs, the company raised sales prices by 7%; this was mainly driven by higher prices in the Chemicals segment. Sales volumes increased by 3%. Income from operations (EBIT) before special items in the second quarter rose by 32% year-on-year to €2.3 billion. The sharp rise was prim...
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