(basf) -- BASF
significantly surpassed the record levels of 2010 in sales and earnings, and
thus again earned a high premium on its cost of capital in 2011. Compared with
2010, sales increased by 15% to EUR73.5 billion. All regions contributed to this
increase. Income from operations (EBIT) before special items improved by 4% to
EUR8.4 billion and EBIT increased almost 11% to EUR8.6 billion. At
the Annual Press Conference, Dr. Kurt Bock, Chairman of the Board of Executive
Directors of BASF said: "2011 was another very successful year for BASF. Thus we
are continuing our ambitious dividend policy and will, therefore, again propose
a higher dividend of EUR2.50 at the Annual Meeting. This is an increase of
EUR0.30 or 13.6% compared with the previous year." |