BASF reported Q4 figures which were above our moderate profitability expectations. Sales rose +7% (Vol.: +6%; p: +1%) to €14,846m and the gross profit margin rose strongly from 29.9% to 31.0% in Q4. EBITDA also strongly increased by +31% to €2,487m and net income attributable to shareholders doubled to €689m. Despite the stronger operating performance, FY operating CF declined 18% to €7,177m, hit by the swing in NWC from €1,011m to €-630m primarily due to higher
24 Feb 2017
Strong profitability push
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong profitability push
BASF reported Q4 figures which were above our moderate profitability expectations. Sales rose +7% (Vol.: +6%; p: +1%) to €14,846m and the gross profit margin rose strongly from 29.9% to 31.0% in Q4. EBITDA also strongly increased by +31% to €2,487m and net income attributable to shareholders doubled to €689m. Despite the stronger operating performance, FY operating CF declined 18% to €7,177m, hit by the swing in NWC from €1,011m to €-630m primarily due to higher