BASF Q1 Profit Surges; Declares Flat Dividend; Lifts FY21 View
LUDWIGSHAFEN (dpa-AFX) - German chemical company BASF Group (BFA.L, BASFY.PK) reported Thursday that its first-quarter net income surged 94 percent to 1.72 billion euros from last year's 885 million euros.
Earnings per share were 1.87 euros, up 93 percent from 0.97 euro a year ago. Adjusted earnings per share were 2 euros, compared to 1.26 euros a year ago.
Income from operations or EBIT grew 59 percent from last year to 2.31 billion euros, and adjusted EBIT grew 42% to 2.32 billion euros. This was primarily attributable to considerably higher earnings contributions from the Materials and Chemicals segments.
EBITDA rose 31 percent to 3.176 billion euros and adjusted EBITDA increased 23 percent to 3.181 billion euros.