Accueil Ernstrade Bourse Actualite Stock
CODE DE0005151005 - BA Indice: DAX 30

BASF est le premier groupe chimique au monde. Il est présent dans 6 domaines d'activité
- matières plastiques et fibres : polyoléfines, PVC, polystyrène, élastomères polyuréthannes, produits de fibres, alvéolaires, etc. 
- matières colorantes et produits d'ennoblissement : agents adhésifs, pigments, peintures, produits chimiques auxiliaires, systèmes d'impression ...
- agriculture et produits de chimie fine . Le CA de la branche se répartit entre - agriculture, chimie fine 
- produits chimiques : éthylène, ammoniac, chlore, soude caustique, engrais azotés,...
- pétrole et gaz  : exploration, extraction, raffinage et distribution 
- autres activités 

http://corporate.basf.com


02.05.2014 BASF 1st Quarter 2014/Annual Shareholders’ Meeting

26.02.2013 BASF increases sales and income from operations in 2012

Kurt Bock appointed new chairman of BASF’s Board of Executive Directors
2010-05-31 
P-10-279
Ludwigshafen, Germany – May 31, 2010 – The Supervisory Board of BASF SE has today appointed Dr. Kurt Bock (51) to succeed Dr. Jürgen Hambrecht as chairman of the Board of Executive Directors of BASF. Dr. Martin Brudermüller (49) will become vice chairman of the Board of Executive Directors. Both appointments will take effect following the end of the Annual Meeting on May 6, 2011.
“Kurt Bock is an entrepreneur with an extensive international experience. Under his leadership, he will continue the company’s success together with his colleagues on the Board of Executive Directors and the global BASF team,” said Eggert Voscherau, chairman of the Supervisory Board of BASF SE.
The Supervisory Board will decide on further appointments to the Board of Executive Directors of BASF SE in early 2011.
Note for editors:
Photos of Dr. Kurt Bock and Dr. Martin Brudermüller are available on the Internet at www.basf.com/pressphoto-database, Keyword: Board of Executive Directors, together with a press photo taken directly following the decision by the Supervisory Board.

BASF: Shaping the future in the crisis –  confident for 2010
2010-02-25 
Fourth quarter 2009: 
Sales up 2.9 percent, EBIT before special items up 19 percent compared with third quarter of 2009 Sales down 8 percent, EBIT before special items up 181 percent compared with fourth quarter of 2008Full year 2009: 
Sales €50.7 billion (minus 19 percent compared with 2008) EBIT before special items €4.9 billion (minus 29 percent compared with 2008) Successful measures to increase efficiency and reduce costs Cash flow at record high Goal of earning cost of capital missed only narrowly due to high cost of Ciba integrationExpectations for full year 2010: 
Slow and uneven recovery of global economy Significant rise in earnings Premium on cost of capital earned again

BASF proposes dividend of €1.70 per share
2010-02-25 
 Ludwigshafen, Germany – February 25, 2010 – The Board of Executive Directors of BASF SE today decided to propose to the Annual Meeting on April 29, 2010 a dividend of €1.70 per share for 2009. The decision is subject to approval by the company’s Supervisory Board in its meeting on March 4, 2010.
BASF aims to increase its dividend each year or at least maintain it at the previous year’s level. In crisis year 2009, BASF’s earnings were negatively impacted by expenses for the acquisition and integration of Ciba. The company therefore fell just short of earning its cost of capital. However, the reduced dividend proposal also reflects BASF’s confidence for 2010.
On the basis of the number of qualifying shares as of December 31, 2009, the dividend of €1.70 per share would correspond to a total dividend payment of approximately €1.6 billion. Relative to the 2009 year-end share price of €43.46, BASF shareholders would thus receive a dividend yield of 3,9 percent. If the proposal is approved by the Annual Meeting, the dividend will be paid out on April 30, 2010.
 

BASF shows strength in global crisis
2009-04-30
High cash flow and reduction of net debt Very weak demand in industrial business Strong earnings in Agricultural Solutions Sales down 23%, EBIT before special items down 58% Goal of earning cost of capital increasingly difficult to achieve 
Ludwigshafen , Germany – April 30, 2009 – In an extremely difficult environment, BASF’s business declined in the first quarter of 2009. At €12.2 billion, sales were 23% lower than in the first quarter of 2008, primarily due to persistently weak demand. Income from operations (EBIT) before special items fell by 58% to €985 million as a result of a substantial decrease in volumes in many divisions.
BASF responded swiftly to the crisis: The company has tailored production to reflect the decline in demand and reduced inventories. Compared with the first quarter of 2008, cash flow nearly doubled, and net debt has been reduced by around €1.5 billion since the beginning of the year.
Cost reduction and efficiency programs are being implemented rigorously and rapidly. With the excellence program NEXT, BASF intends to further improve productivity and effectiveness in all functions and working areas: The aim is to reduce costs, increase efficiency and speed up all business processes. In conjunction with ongoing cost-cutting activities, the company expects this to progressively increase earnings by more than €1 billion per year as of 2012.
“In times of crisis, swift and decisive action is important. As early as the fourth quarter of 2008, we were one of the first companies in our industry to adapt our capacities to the dramatic slump in demand and reduce costs on all levels in order to ensure profits and liquidity in the short term. At the same time, we are focusing far ahead and are taking action today to be well equipped for the next upturn. Our goal is to emerge from this crisis even stronger and to increase our leading position,” said BASF Chairman Dr. Jürgen Hambrecht in his presentation of figures for 2008 and the first quarter of 2009 at the Annual Meeting of BASF SE on April 30, 2009 in Mannheim.
Very successful start to year in Agricultural Solutions
In the first quarter of 2009, sales decreased significantly in all divisions of the Chemicals segment due to lower volumes and prices. Earnings fell sharply as a result of the continued low level of product demand but were positive in all divisions. The fact that competition was tougher than in the same quarter of 2008 had a particularly detrimental effect on margins in the Petrochemicals division. Production was tailored to reflect this fall in demand and inventories have been reduced.
A drastic decline in sales was also recorded in the Plastics segment, mainly due to substantially lower volumes compared with the same quarter of the previous year. Earnings declined considerably and were slightly negative – in particular, as a result of low margins and high costs of idle capacity in the Performance Polymers division.

Sales in the Performance Products segment fell in all three divisions. With prices remaining stable, there was a sizeable reduction in demand. The Care Chemicals division improved earnings thanks to reduced fixed costs, whereas earnings in the segment as a whole fell sharply as a result of lower volumes.

Wintershall makes offer to acquire Revus Energy ASA  Oct 27, 2008
Cash offer of NOK 110 per share or EUR 581 million in total provides attractive premium
Revus Energy ASA’s Board of Directors supports offer
Acquisition strengthens the activities of Wintershall in Norway significantly and opens further growth potential in its core region North West Europe
Kassel. Wintershall Holding Aktiengesellschaft ("Wintershall") today (October 27, 2008) announces that it plans to acquire Revus Energy ASA, Stavanger, Norway ("Revus"), an oil and gas exploration and production company listed on the Oslo Stock Exchange with shares in 60 licenses in Norway and Great Britain, by making, through its wholly owned subsidiary Wintershall Norwegen Explorations- und Produktions-GmbH, a voluntary offer to acquire all outstanding shares of Revus for NOK 110 per share. The purchase price of the proposed transaction amounts to approximately EUR 581 million. 
Wintershall and Revus have reached a transaction agreement in which the Board of Directors of Revus supports Wintershall’s offer and recommends its acceptance to Revus’s shareholders. The offer price represents a 145 percent premium compared to the closing share price on October 24, 2008 (the last trading day prior to this announcement) and a 44 percent premium to the average share price for the last 6 months of NOK 76.21.
Wintershall considers the all cash offer to be an attractive premium on Revus’s current share price and for Revus’s shareholders.
The acquisition of Revus represents an excellent strategic fit with the activities of Wintershall, a wholly-owned subsidiary of BASF SE.

BASF to acquire resins specialist Johnson Polymer 
Acquisition of a profitable and innovative business with high growth rates
Addition of water-based technology complements BASF’s coating resins portfolio
Strengthens global presence with focus on North America
BASF, Ludwigshafen, Germany, today (May 2, 2006) announced an agreement to acquire resins manufacturer Johnson Polymer, a subsidiary of JohnsonDiversey Inc. of Sturtevant, Wisconsin, a U.S. cleaning and hygiene products manufacturer. The respective agreement signed on May 1, 2006 provides for a sale price of $470 million on a cash and debt-free basis. Both companies have agreed not to disclose additional financial details of the deal. The transaction, which is still subject to approval by the relevant authorities, is expected to close by the end of June 2006. The parties are also seeking the advice of the Johnson Polymer B.V. (Netherlands) works council prior to finalizing the transaction.

03/01/06 BASF Makes All-Cash Proposal To Acquire Engelhard  Jan 03, 2006
BASF Intends To Offer US$37.00 Per Share For a Total of US$4.9 Billion 
Acquisition Would Make BASF a Leading Provider in the Global Catalyst Business
Ludwigshafen, Germany, January 3, 2006 – BASF Aktiengesellschaft (Frankfurt: BAS, NYSE: BF [ADR], LSE: BFA, SWX: AN), the world’s leading chemical company, has made an all-cash proposal to acquire all outstanding shares of common stock of Engelhard Corporation (NYSE: EC), Iselin, New Jersey, USA, a Fortune 500 company and leading supplier of goods for catalysis and surface finishing, for US$37.00 per share or an aggregate of US$4.9 billion. This price represents a 23% premium above the December 20, 2005 closing price of Engelhard’s stock of US$30.05 and a 30% premium over Engelhard’s 90-day average share price (VWAP) of US$28.42 as of December 20, 2005. This price also represents a premium to Engelhard’s 2005 year-end closing price of US$30.15 and to the four-year-high closing price of US$32.49 achieved on July 14, 2004. 
By acquiring Engelhard, BASF would become a leading provider worldwide in the dynamically growing catalyst market. “Engelhard is an excellent enhancement for the BASF portfolio,” said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF Aktiengesellschaft. “By combining the R&D activities of both companies, BASF would create a unique global technology platform for catalysts and open up further growth and innovation potential.” 

16/12/05 BASF interested in acquiring Degussa’s construction chemicals business  Dec 16, 2005
4 percent annual growth in construction chemicals market
BASF board member Kreimeyer: “Opening up new potential”
BASF is interested in acquiring Degussa’s construction chemicals division to expand its own portfolio in a high-growth market through forward integration. With the approval of its Supervisory Board BASF’s Board of Executive Directors has proposed to Degussa’s Board of Management to conduct exclusive negotiations on the possible transaction. Following a detailed review of the business case, BASF plans to make a concrete offer for Degussa’s business. BASF wishes to start the review as quickly as possible.
The global construction chemicals market is valued at around €13 billion and is attractive in view of annual growth of about 4 percent, relatively stable margins and high potential for innovation. The acquisition of Degussa’s business would give BASF rapid access to additional industrial customers and end-users.
BASF Board member Dr. Andreas Kreimeyer considers the combination of BASF’s expertise in chemistry and the extensive applications know-how of Degussa’s construction chemicals division to be an excellent means of expanding BASF’s business: “As market and technology leader and the largest supplier of construction chemical products, Degussa is an important global partner to the construction industry. Together with our own activities, we can open up new growth potential. We are interested in this business because of its global reach, its presence in important growth markets, in particular North America and Asia, and because of the high level of knowledge and innovativeness of its employees.” 

02/11/05 BASF continues to grow profitably  11/02/05
Higher sales (plus 11 percent) and EBIT before special items (plus 13 percent) 
Earnings impacted by high raw material prices and hurricanes in the United States
Cost saving goals increased in North America
Outlook for full year 2005 improved further:
- Significant increase in sales and EBIT before special items
- Further increase in premium on cost of capital
BASF continued on its growth path in the third quarter of 2005. This was confirmed by a further improvement in the figures presented at the company’s Fall Press Conference in Ludwigshafen. The strong business performance seen in the first half of the year maintained its momentum in the third quarter. The summer lull was less pronounced than expected. With strong demand on the one hand, and very high and very volatile oil prices on the other, necessary price increases could be passed on to the market only to a limited degree.
Compared with the same quarter of 2004, sales increased by 11 percent to €10.4 billion. Income from operations (EBIT) before special items rose by 13 percent to more than €1.3 billion.
Cumulative sales for the first nine months of the year rose by more than 12 percent to €31 billion. BASF’s profitable growth is underlined by the fact that EBIT before special items increased by 26 percent to €4.5 billion.
Optimistic outlook for the full year 2005
Demand for BASF’s products remains strong. Further increases in raw materials and energy costs continue to put pressure on margins. For the full year 2005, Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF Aktiengesellschaft, expects significantly higher sales and EBIT before special items compared with the previous year’s strong level. “We therefore expect to further increase the premium earned on our cost of capital,” he said. 
In the fourth quarter of 2005, BASF does not anticipate earnings to reach the strong level posted in 2004. Reasons for this include:
Expected earnings impairments of €120 million as a result of production losses due to the hurricanes in the United States.
The lack of gains of €80 million posted in the fourth quarter of 2004 as a result of mark-to-market accounting for derivatives associated with the weak U.S. dollar.

28/01/05 BASF acquires electronic chemicals business of Merck KGaA 
10/01/05 BASF bought back shares for €726 million in 2004 

Source Basf.com


Copyright  2017  Ernstrade.com