BASF was in a position to increase sales prices across the value chain, which was partly fostered by some tightness in several businesses or regions. Maintenance is a tool to manage capacities. The low water levels of the River Rhine had an additional negative impact. Among other factors, higher raw material prices at the early stages of the value chain put pressure on profitability. The Q3 figures were above our expectations and did not fully match consensus on profitability levels.
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Pricing power is not enough
BASF was in a position to increase sales prices across the value chain, which was partly fostered by some tightness in several businesses or regions. Maintenance is a tool to manage capacities. The low water levels of the River Rhine had an additional negative impact. Among other factors, higher raw material prices at the early stages of the value chain put pressure on profitability. The Q3 figures were above our expectations and did not fully match consensus on profitability levels.