BASF’s Q4 earnings fall sharply on lower chemicals, agro contributions

ICIS News | February 26, 2019

BASF had lower earnings in its key Chemicals division, due lower margins in the isocyanate and cracker business, as well as in Agricultural Solutions, which suffered a 3% negative impact from costs associated to the acquisition of Bayer’s seeds assets. The slight increase in sales achieved in the fourth quarter came on the back of higher selling prices at its Performance Products, Functional Materials & Solutions and Agricultural Solutions divisions. However, overall sales volumes declined 3% on the back of low water levels on the River Rhine during the fourth quarter, “which severely limited shipments of key raw materials” to the company’s flagship site of Ludwigshafen, which force it to reduce capacity utilisation.

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