BASF has restated Q3 14 figures for the divested Natural Gas Trading business. In Q3, sales dropped 5% to €17,424m but the gross profit margin moved up from 24.3% to 26.2%. EBITDA rose +14% to €2,872m and net profit attributable to shareholders moved +19% to €1,209m. Operating CF jumped +51% to €3,351m clearly propelled by a strong NWC inflow (€1,623m after €351m) due to lower receivables. The swing in miscellaneous items (€-460m after €80m) reflects th
27 Oct 2015
The tide is turning
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The tide is turning
BASF has restated Q3 14 figures for the divested Natural Gas Trading business. In Q3, sales dropped 5% to €17,424m but the gross profit margin moved up from 24.3% to 26.2%. EBITDA rose +14% to €2,872m and net profit attributable to shareholders moved +19% to €1,209m. Operating CF jumped +51% to €3,351m clearly propelled by a strong NWC inflow (€1,623m after €351m) due to lower receivables. The swing in miscellaneous items (€-460m after €80m) reflects th