Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

BASF Quarterly Statement Q1 2020. Sales of 16.8 billion

11.06.2020 12:01 "Agro Perspectiva" (Kyiv) BASF Group shows resilience amid corona crisis with diversified portfolio and financial solidity.

Sales of 16.8 billion (+7%), mainly due to volumes growth EBIT before special items of 1.6 billion (-6%), primarily as a result of lower earnings in the Chemicals and Materials segments.

EBIT before special items improves in all downstream segments.

BASF with solid financing; equity ratio of 47%.

The Agricultural Solutions segment recorded considerable sales growth compared with the first quarter of 2019. This was primarily attributable to higher volumes, especially in North America and Europe. The earlier demand triggered by the corona pandemic had a positive impact on sales volumes. A lower price level had a slight offsetting effect.

In Europe, sales rose slightly year on year as a result of higher sales volumes. This development was mainly due to higher demand for herbicides, seed treatments, and seeds and traits.

Sales in North America improved considerably. We significantly increased volumes — especially of herbicides and fungicides — compared with the first quarter of 2019, which was affected by extreme weather conditions. The sales development was also supported by positive currency effects. By contrast, lower price levels had a dampening effect on sales.

In Asia, sales were considerably above the figure for the first quarter of 2019 due to higher sales volumes, especially of herbicides in China, Australia and Japan. Positive currency effects also contributed to the sales development.

We considerably increased sales in the region South America, Africa, Middle East. This was mainly driven by higher volumes, particularly of fungicides and herbicides. Slightly higher prices also had a positive impact on sales. Significantly negative currency effects, especially in Brazil, had an offsetting effect.

Income from operations (EBIT) before special items was slightly higher than in the first quarter of 2019. This was largely the result of higher sales, mainly due to earlier demand as a consequence of the corona pandemic, and lower fixed costs.

Agro Perspectiva

< Capital investment in Ukraine decreases by 35.5% in Q1 2020 statistics All news for
11.06.2020
Canada. Chicken Meat Production Falls on Reduced Demand >

07.08.2020  
16:00 Economy Ministry estimates decline of Ukraine's GDP in H1 at 6.5%, in Q2 at 11%
14:25 Ukraine's forex reserves 1% up in July NBU
14:15 MoAFW estimates total area sown through July 24, 2020 at 79.99 million hectares
06.08.2020  
15:10 Global food prices rise in July
04.08.2020  
10:45 Manitou. H1 20 net sales of 762m
03.08.2020  
23:00 In 2019, the value of U.S. fresh fruit and vegetable exports to the world reached $7.1 billion
19:15 NBU estimates GDP fall in Q2 2020 at 11%
30.07.2020  
20:00 IKEA Foundation contributes $3.5 million to support FAO's work with refugees and host communities in eastern Africa
16:20 Private Exporters Report Sales Activity for China and Unknown Destinations
16:15 FAO unveils platform to help accelerate action on reducing food loss and waste
15:50 CNH Industrial reported consolidated revenues of $5.6 billion, net income of $361 million and adjusted net loss of $85 million
29.07.2020  
16:45 Govt approves macroeconomic forecast with 4.6% GDP growth in 2021
13:35 BASF Group: EBIT before special items declines in second quarter due to weaker demand as a result of the corona pandemic
28.07.2020  
16:35 The renaissance of industrial hemp in North America: How New Holland supports an evolving industry
27.07.2020  
17:00 The European Union cheese export forecast for 2020 is revised up by 3 percent to 925,000 tons
26.07.2020  
13:30 Ukraine placing 2033 eurobonds for $2 bln at 7.253%
24.07.2020  
10:17 EBRD supports Ukraines Nibulon Group
23.07.2020  
20:30 United Kingdom supports FAO's desert locust-fighting efforts with £ 17 million contribution
14:50 New Zealand. The milk production forecast for 2020 is slightly lowered
09:50 Cargill commits to restoring 600 billion liters of water by 2030
21.07.2020  
13:34 Saudi barley import tenders for July-September 2020 - 1.68 million MT
20.07.2020  
15:45 Nufarm announces changes to global manufacturing footprint
13:05 Kernel oil-extraction plants processed 916 thousand tons of sunflower seeds in Q4 FY2020
17.07.2020  
13:05 Yara. Second-quarter operating income was USD 335 million
11:26 Bulgarias 2019 broiler production expanded by two percent over 2018
08:32 Rapeseed. Results of the 2019/20 season
16.07.2020  
21:15 Export of casein from Ukraine in the 1st half of 2020 - 2.8 thousand tons
15:00 AGCO Announces Quarterly Dividend
13:05 Cargills newest addition to sweetener portfolio offers food and beverage manufactures label-friendly 30% sugar reduction
15.07.2020  
11:45 Olam prices US$50 million US private placement
14.07.2020  
21:15 FAO launches the new COVID-19 Response and Recovery Programme outlining seven key priority areas
17:05 Money supply in Ukraine 2.2% up in June
13.07.2020  
09:00 Philippine Imports of Milling Wheat Surge While Duties Implemented on Turkish Flour
10.07.2020  
17:15 BASF Group: operating result in the second quarter of 2020 above market expectations
13:25 In the 2019/2020 port NIKA-TERA handled 6.4 million tons of agricultural cargo
10:00 FAO and Rabobank's new partnership focuses on helping make food systems more sustainable, including through innovative investments
09.07.2020  
18:25 Director-General proposes new structure to make FAO agile and efficient
17:40 FAO welcomes additional 15 million from the European Union to fight Desert Locusts and their impacts on food security
17:25 Economy ministry estimates Ukraine's GDP fall at 5.9% in Jan-May
08.07.2020  
13:15 Economy ministry signs memo with grain market players for agreeing on export volumes, not for limiting exports minister
07.07.2020  
22:40 Refinancing rate could fall lower than inflation rate economy minister
12:10 BASF invests in next-generation farming for livestock producers with Cloudfarms digital platform solution
06.07.2020  
17:30 Rada with 286 votes backs resignation of NBU governor Smolii
16:45 Rada with 226 votes dismisses head of Antimonopoly Committee Yuriy Terentyev
11:30 Burger King, Cargill and World Wildlife Fund work to mitigate effects of climate change with new grassland restoration project
03.07.2020  
14:10 Record global cereal production to boost stocks
13:45 Global food commodity prices rebound in June
13:30 EBRD providing 7 million to Grain Alliance group
02.07.2020  
23:40 More Alcohol at Wholesale Prices for British Columbia Restaurants and Bars
22:45 Burger King, Cargill and World Wildlife Fund work to mitigate effects of climate change with new grassland restoration project

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2020 © Agrarika, ltd.
tel.: +380 44 4868119; +380 44 5934540
e-mail: client@agroperspectiva.com