BASF beat our as well as street expectations by +11% at the top line, but less at the profitability level (EBIT: +3%).
The recovery story continued with an extra push from China. Here to the effects from extreme weather events and other unpleasant ones (the pandemic) limited availability as exchanges between regions remained somewhat constrained. BASF’s pricing power could be seen in the rise of the profitability lines of the divisions in the early steps of the value chain.
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Pricing party at commodities
BASF beat our as well as street expectations by +11% at the top line, but less at the profitability level (EBIT: +3%).
The recovery story continued with an extra push from China. Here to the effects from extreme weather events and other unpleasant ones (the pandemic) limited availability as exchanges between regions remained somewhat constrained. BASF’s pricing power could be seen in the rise of the profitability lines of the divisions in the early steps of the value chain.