BASF reported +19% (v: +8%; p:+8%; portfolio: +1%; FX: +2%) higher sales coming in at €16,857m, but the gross profit margin declined 1pp to €31.9% in Q1. EBITDA clearly increased +25% to €3,502m, partly helped by higher D/A, and net profit attributable to shareholders improved +23% to €1,709m. Operating CF dropped 20% to €833m, hit by higher NWC outflow (€-1,985m after €-1,248m) mainly driven by higher receivables. Financing CF remained fairly unchanged at &
27 Apr 2017
Organic growth driven by higher margins and NWC goes up
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Organic growth driven by higher margins and NWC goes up
BASF reported +19% (v: +8%; p:+8%; portfolio: +1%; FX: +2%) higher sales coming in at €16,857m, but the gross profit margin declined 1pp to €31.9% in Q1. EBITDA clearly increased +25% to €3,502m, partly helped by higher D/A, and net profit attributable to shareholders improved +23% to €1,709m. Operating CF dropped 20% to €833m, hit by higher NWC outflow (€-1,985m after €-1,248m) mainly driven by higher receivables. Financing CF remained fairly unchanged at &