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May 12, 2021 The Value Balancing Alliance (VBA) piloted its methodology for standardized accounting of corporate value contributions. For the first time, the initiative used its method to calculate BASF s economic, environmental and social impacts. How can companies contributions or impacts on the economy, society and the environment be made measurable and comparable? Based on this question, BASF founded the Value Balancing Alliance e.V. (VBA) in 2019 together with seven other companies. The aim of the initiative is to develop within three years a cross-industry standard for measuring the overall impact of companies that captures economic, environmental and social aspects of business activities along the value chain. By converting corporate value contributions into monetary value, the overall impact of companies in any industry can be made tangible and comparable.
Cautionary note regarding forward-looking statements This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. Such risk factors include those discussed in Opportunities and Risks on pages 158 to 166 of the BASF Report 2020. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements.
(2019: €3.30 per share)
Outlook 2021: (2020: €59.1 billion)
EBIT before special items of between €4.1 billion and €5.0 billion (2020: €3.6 billion) In a challenging 2020 business year, BASF was able to close out the year on a strong note, said BASF s Chairman of the Board of Executive Directors, Dr. Martin Brudermüller, at the presentation of the BASF Report 2020. Income from operations (EBIT) before special items for the full year 2020 exceeded the company s forecast released in October and beat the analysts consensus. BASF had therefore released its preliminary figures already on January 20, 2021. We increased volumes in all regions in the fourth quarter of 2020, said Brudermüller. In Greater China, we continued to see double-digit volumes growth. Sales volumes rose in almost all segments in the final quarter of the year, he added. For some commodity product lines, such as isocyanates, BASF was also able to significantly expand