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BASF Group: Strong performance in Q4 2020 due to higher volumes and prices


(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 sig ....

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