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: 
   

AGRO PHOTO

FIELD DAY CONTINENTAL FARMERS GROUP
 


Home > News

BASF Group: operating result in the second quarter of 2020 above market expectations

10.07.2020 17:15 "Agro Perspectiva" (Kyiv) BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to 12,680 million (Q2 2019: 14,478 million). EBIT before special items, which reflects the development of the BASF Groups operating business in the second quarter of 2020, amounted to an expected 226 million, above market expectations and in the range indicated by BASF, but considerably below the figure for the prior-year quarter (Q2 2019: 995 million). The decline in EBIT before special items is the result of significantly lower earnings in the Materials, Surface Technologies, Chemicals and Industrial Solutions segments compared with the prior-year quarter. This was mainly driven by lower demand from the automotive industry the companys most important customer industry. Year-on-year earnings growth in the Nutrition & Care segment and in Other had an offsetting effect. Earnings in the Agricultural Solutions segment were at the level of the prior-year quarter.

The BASF Groups EBIT in the second quarter of 2020 amounted to an expected 59 million, considerably below the figure for the prior-year quarter (Q2 2019: 507 million).

The BASF Groups net income is expected to amount to minus 878 million due to a non-cash-effective impairment of the shareholding in Wintershall Dea, considerably below current analyst estimates and the figure for the prior-year quarter (Q2 2019: 5,954 million). The impairment of around 800 million is the result of lower oil and gas price forecasts and changed reserve estimates. In the prior-year quarter, net income included a book gain of 5,684 million on the deconsolidation of Wintershall following the merger of Wintershall and DEA as of May 1, 2019.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of 59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.

Agro Perspectiva

< In the 2019/2020 port NIKA-TERA handled 6.4 million tons of agricultural cargo All news for
10.07.2020
Philippine Imports of Milling Wheat Surge While Duties Implemented on Turkish Flour >

25.11.2020  
13:50 Poland has been the EUs largest turkey meat producer since 2017
12:01 Global 2020/21 Sugar Production is Estimated Higher United States, India, and Brazil Up 10 to 40 Percent
10:50 HPAI Detected in Commercial Flock in Denmark
23.11.2020  
17:10 FAO urges G20 to support farmers, protect the vulnerable and invest in innovation
18.11.2020  
17:00 Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 statistics
16:35 Bulgarian grain trading has been slower than the previous season
12.11.2020  
12:21 Bosch and BASF establish joint venture for digital technologies in the agricultural sector
08:50 Lower Sunflower Seed Production in Ukraine and Russia Tightens Global Oilseed Supplies
10.11.2020  
17:00 Global almond production for 2020/21 is forecast 15 percent higher to 1.7 MMT
09.11.2020  
10:48 Despite a cut in world cereal production, this years forecast output remains an all-time high
08.11.2020  
14:50 Global food prices continue rising in October
05.11.2020  
12:15 BASF and TECNALIA accelerate R&D of new crop protection products through digitalization
03.11.2020  
17:00 Scrapie Identified in Sheep in Iceland
16:35 National budget receipts target met by 109.8% in Oct Treasury
28.10.2020  
17:00 European Bank for Reconstruction and Development and FAO approve COVID-19 technical support package
16:45 2020 EU milk deliveries will grow by one percent
27.10.2020  
16:41 Pork. Global productionisforecast 4 percent higher in 2021 due to rebounding output in countries affected by ASF
26.10.2020  
17:00 FAO and OIE kickstart global initiative to stop spread of deadly pig disease
16:50 KWS Group achieved an approximately 15% increase in net sales to 1.28 billion in fiscal 2019/2020
16:35 NBU keeps key policy rate at 6%
23.10.2020  
13:00 Cargill invests to promote circular economy with its first multi waste- and residues-based biodiesel plant
21.10.2020  
13:55 International prices of wheat and maize rose sharply in September but those of rice edged down
20.10.2020  
20:45 ACC insists on early adoption of law on govt bond issue for settlements with 'green' energy
20:25 New Zealands milk production in 2021 is forecast at 22 MMT
16.10.2020  
15:10 Despite the threat of the COVID-19 pandemic and lumpy skin disease, Taiwans $1.5 billion dairy sector remains strong
15.10.2020  
15:10 IMF improves assessment of Ukraine's GDP fall in 2020 to 7.2%, growth to 3% in 2021
12.10.2020  
11:35 Manitou Group formalizes its partnership with NEOLINE to reduce its carbon footprint
09.10.2020  
16:25 Inflation in Ukraine grows by 0.5%, falls to 2.3% year-over-year in Sept statistics
15:30 Prospects for U.S. Corn in Latin America
08.10.2020  
16:10 World Bank predicts Ukraine's GDP fall by 5.5% in 2020 with 1.5% growth in 2021
15:25 Cereal markets to remain well supplied in 2020/21
14:25 Prices of several staples up to multi-month highs
05.10.2020  
16:30 UAE consumption of chicken meat products has fallen but stabilized
15:05 Ovostar creates JV with Dutch JMMMTJL to sell egg products
13:30 EBRD provides working capital loan to Ukraines Astarta
30.09.2020  
18:20 FAO's Committee on Agriculture focuses on how livestock sector transformation can contribute to achieving the SDGs
17:45 Argentina forecasts 2021 chicken meat production up 2% at 2.23 MMT
29.09.2020  
16:35 CNH Industrial announces subsidiary notes offering
28.09.2020  
17:15 Czech Republic Sees Solid Harvest Despite Initial Drought
23.09.2020  
14:55 Russian Federation. Steady demand for chicken meat and ample feed supplies are expected to lift production to 4.725 MMT in 2021
14:40 World peach and nectarine production is forecast down 1.1 million metric tons to 21.0 million
22.09.2020  
12:15 High-level roundtable calls for strengthened collaboration in the Near East and North Africa
12:09 State Statistics Service confirms assessment of Ukraine's GDP fall at 11.4% in Q2 2020
11:45 Belarus plants half of area under winter grain
11:20 Fitch affirms Kernel at 'BB-', outlook stable
11:11 Consumer confidence of Ukrainians continue improving in Aug study
17.09.2020  
17:15 Development of secondary govt bond market could solve problem of financing of state budget 2021 deficit member of NBU Council
16:25 Drought Continues to Stymie Romanian Oilseeds
16:15 Private Exporters Report Sales Activity for China and Unknown Destinations
16.09.2020  
15:30 Case IH Adds New Configurations to Seeding and Planting Portfolios

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