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BASF Reports Strong Earnings Despite Continued High Prices for Raw Materials and Energy

Company reports sales growth of 16.3% to €23 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF reported its second quarter 2022 results. Highlights include: • Sales growth of 16.3% to €23.0 billion • EBIT before special items of €2.3 billion on the level of prior-year quarter • Net income of €2.1 billion up 26.3% over prior-year quarter • Cash flows from operating activities of €1.2 billion below prior-year quarter (Q2 2021: €2.5 billion) • 2022 outlook for sales raised to between €86 billion and €89 billion and for EBIT before special items to between €6.8 billion and €7.2 bill...

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