July 15, 2021

[Corporate News] BASF Group releases preliminary figures for the second quarter of 2021 and increases forecast for full year 2021

Q2 2021:

Sales expected to be €19,753 million (Q2 2020: €12,680 million)

EBIT before special items expected to be €2,355 million (Q2 2020: €226 million)

EBIT expected to be €2,316 million (Q2 2020: €59 million)

Outlook 2021:

Sales expected between €74 billion and €77 billion
(previous outlook 2021: €68 billion to €71 billion)

EBIT before special items expected between €7.0 billion and €7.5 billion
(previous outlook 2021: €5.0 billion to €5.8 billion)

Ludwigshafen – July 9, 2021 – BASF Group has released preliminary figures for the second quarter of 2021. Sales increased by 55.8 percent in the second quarter of 2021 to €19,753 million (Q2 2020: €12,680 million). This was driven by higher prices (+35 percent) and volumes (+28 percent); negative currency effects (–7 percent) had an offsetting effect. The average analyst estimates for BASF Group’s sales in the second quarter of 2021 amount to €17,157 million.

In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since the fourth quarter of 2020. EBIT before special items is expected to amount to €2,355 million, a considerable increase compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: €226 million). At €1,965 million, the average analyst estimates for EBIT before special items of BASF Group in the second quarter of 2021 are considerably below this figure.

The Chemicals, Materials and Industrial Solutions segments considerably exceeded average analyst estimates for EBIT before special items in the second quarter of 2021. EBIT before special items was slightly below analyst consensus in the Surface Technologies segment and significantly below average analyst estimates in the Agricultural Solutions and Nutrition & Care segments. In Other, EBIT before special items was on the level of average analyst estimates.

BASF Group’s EBIT is expected to be €2,316 million in the second quarter of 2021, considerably above the figure for the prior-year quarter, which was weak due to the pandemic (Q2 2020: €59 million). EBIT in the second quarter of 2021 includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business. The analyst consensus for EBIT in the second quarter of 2021 is €1,929 million.

Outlook 2021 for the BASF Group

Based on the strong business development in the first half of 2021 (Sales H1 2021: €39,153 million; EBIT before special items H1 2021: €4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items. For the full year 2021, BASF Group now expects sales of €74 billion to €77 billion (previous outlook 2021: €68 billion to €71 billion; analyst consensus 2021: €68,654 million; full year 2020: €59,149 million). EBIT before special items is now anticipated to reach between €7.0 billion and €7.5 billion in 2021 (previous outlook 2021: €5.0 billion to €5.8 billion; analyst consensus 2021: €6,299 million; full year 2020: €3,560 million). The considerably increased earnings expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021.

This outlook is based on the following assumptions regarding the global economic environment in 2021:

Growth in gross domestic product: 5.5 percent (previously: 5.0 percent)

Growth in industrial production: 6.5 percent (previously: 5.0 percent)

Growth in chemical production: 6.5 percent (previously: 5.0 percent)

Average euro/dollar exchange rate of $1.20 per euro
(previously: $1.18 per euro)

Average annual oil price (Brent crude) of $65 per barrel
(previously: $60 per barrel)

BASF’s forecast assumes that there will be no severe restrictions on economic activity due to measures to combat the COVID-19 pandemic in the second half of 2021.

Further information

The overview of analyst estimates, which is compiled monthly on behalf of BASF, can be found HERE 

On Wednesday, July 28, 2021 at 7:00 a.m. CEST, the company will publish the Half-Year Financial Report 2021 and will comment on the figures at a conference call for journalists (from 08:00 a.m. CEST) and a conference call for analysts and investors (from 10:00 a.m. CEST).

Tin tức khác

Xem tất cả

February 16, 2024

[Work @ EuroCham] GEFE EXHIBITION PROJECT MANAGER – based in Ho Chi Minh City

Đọc thêm

February 15, 2024

[Work @ EuroCham] Operations Officer – based in Central Vietnam

Đọc thêm

January 30, 2024

[Work @ EuroCham] GREEN GROWTH SECTOR COMMITTEE & SUSTAINABLE FINANCE SECTOR COMMITTEE INTERN – based in Ho Chi Minh

Đọc thêm

January 26, 2024

EuroCham and VAFIE Discuss EU Investment Trends and Challenges in Vietnam

Đọc thêm

January 26, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Đọc thêm

January 26, 2024

EuroCham’s Construction Sector Committee: spearheading sustainable development in Vietnam’s construction industry

Đọc thêm

January 26, 2024

[CORPORATE SUPPORT] A smart factory for smart materials: BASF celebrates the inauguration of its TPU plant at the Zhanjiang Verbund site

Đọc thêm

January 24, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Đọc thêm

January 24, 2024

[CORPORATE PARTNER] PwC – Asia Pacific climate actions not on track: Moving beyond commitment and towards transformation

Đọc thêm

January 19, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GEFE Project Officer and GEFE Project MarCom Officer – based in Ho Chi Minh

Đọc thêm

January 19, 2024

Economic Insights Unveiled at “Economic Outlook 2024” Business Luncheon organized by EuroCham and BritCham

Đọc thêm

January 19, 2024

EuroCham Vietnam’s latest Whitebook proposes recommendations for boosting investment for a greener, more sustainable economy

Đọc thêm

January 19, 2024

[SUPPORTED CONTENT] PWC recently launched report on the impact of Corporate Sustainability Reporting Directive (CSRD)

Đọc thêm

January 19, 2024

EuroCham Construction Sector Committee Meets with Ministry of Construction to Foster Industry Dialogue

Đọc thêm

January 18, 2024

High-Level Hungarian delegation meets with EuroCham Vietnam, CEEC, and Consulate General of Hungary

Đọc thêm

January 12, 2024

EuroCham Rings in 2024 with Festive Celebration in Hanoi

Đọc thêm

January 12, 2024

Ringing in 2024 with Cheer at EuroCham’s New Year Celebration in Ho Chi Minh

Đọc thêm

January 05, 2024

Successful EuroCham Vietnam advocacy outcome regarding Circular on Nutritional Labeling

Đọc thêm

January 05, 2024

Vietnam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham Vietnam Business Confidence Index (BCI)

Đọc thêm

January 05, 2024

Vice-Chairman Minh Nguyen continues tenure on Prime Minister’s Advisory Council for Administrative Procedures Reform

Đọc thêm

December 19, 2023

[Work @ EuroCham] MEMBERSHIP ASSISTANT – based in Ho Chi Minh

Đọc thêm

December 19, 2023

EuroCham’s constructive engagement at the Ministry of Foreign Affairs’ 21st National Conference on Provincial Affairs

Đọc thêm

December 15, 2023

Memorandum of understanding signing ceremony on enhancing the regulatory environment and healthcare access towards promoting technological advancements in the medical device sector

Đọc thêm

December 15, 2023

[Sector Committee Spotlight] Mobility Sector Committee

Đọc thêm

December 15, 2023

EuroCham’s mission to Da Nang: strengthening ties and showcasing investment potential in Central Vietnam

Đọc thêm

December 14, 2023

[CORPORATE PARTNER] BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

Đọc thêm

December 08, 2023

[CORPORATE PARTNERS] BASF engages young minds in chemistry with two new Virtual Lab experiments in Vietnamese

Đọc thêm

December 08, 2023

[Event Recap][Breakfast talk] EuroCham Construction Sector Committee’s Successful HCMC Breakfast Talk on Designing with AI!

Đọc thêm

December 08, 2023

Vietnam enhances climate role at COP28 with JETP Resource Mobilization Plan

Đọc thêm

December 08, 2023

[CORPORATE PARTNERS] The Corporate Sustainability Reporting Directive (CSRD) is resetting the value-creation agenda

Đọc thêm

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Đối tác Bạch kim

Đối tác cao cấp vàng

Đối tác vàng

Đối tác Bạc

Đối tác dịch vụ cao cấp