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BASFs business stabilising at a relatively low level in Q3

November 02/2009

November 02 (plasteurope.com) -- Business is stabilising at a relatively low level, BASF (Ludwigshafen / Germany) said in its report on Q3. EBIT before special items, although up 9% against Q2, was down 20% against the 2008 period. Group sales, at EUR 12.8 bn, were 19% lower year-on-year. 


Thanks to cost-cutting, EBIT of the Plastics segment was down only 9% to EUR 216m, despite a 20% drop in sales to EUR 1.97m. Margins on Performance Polymers (engineering thermoplastics) improved, despite 23% lower sales. Polyurethanes margins receded on lower selling prices. Profitability of the styrenics business, held separately and still up for sale, improved.


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       MRC Reference

BASF. The share in the Russian market in 2008:
 PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

 

Annual sales growth in Russia over the 5 years:
 PS - 15%.

 

Imports by polymers processing technologies:
 foaming;
 injection molding.


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