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BASF reports 12% rise in sales, 32% jump in operating earnings for 2017

Published 01/18/2018, 12:59 PM
© Reuters.  BASF reports 12% rise in sales, 32% jump in operating earnings for 2017
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  • BASF (OTCQX:BASFY +2.4%) jumps after reporting a 32% surge in 2017 operating earnings to €8.3B ($10.4B), beating the analyst consensus estimate of €7.9B, and a 12% rise in full-year sales to €64.5B, helped by gains at its oil and gas and crop protection units.
  • BASF expects net income for the year to reach €6.1B ($7.5B), up from €4.1B in 2016, according to unaudited preliminary results, and ahead of the €5.3B analyst consensus.
  • BASF also says the reduction in the U.S. corporate tax rate will result in one-time non-cash, deferred tax income of nearly €400M in Q4.
  • Now read: Innophos: Shift To Acquisition Strategy Bearing Fruit


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