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Cars: BASF share stable: BASF can increase sales more than expected

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The chemical company BASF has submitted preliminary numbers on Monday.

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The shops of the world's largest chemical company BASF have developed much better than expected at the beginning of the year. In the first quarter, the operating result from interest, taxes and special items (EBIT) closed after preliminary figures compared to the same period of the previous year by around one-fifth to about 2.8 billion euros, as announced in the DAX company on Monday in Ludwigshafen. Thus, BASF exceeded the expectations of analysts according to own data.

also the proceeds of the months January to March was above the average expectation. Thus, the company increased the turnover of the first quarter by almost a fifth to around 23 billion euros.

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after taxes and non-dominant shares, BASF failed: However, the result was expected to be 1.2 billion euros below the value of the same quarter of the previous year. This was due to value adjustments from Wintershall DEA : Thus, loans to Nord Stream 2 AG were adjusted with around 1.1 billion euros. The complete number work for the first quarter wants to introduce the company on April 29th.

BASF After surprising quarterly numbers shortly at the top of

Unexpectedly heavy quarter numbers have awarded the shares of BASF on Monday in the meantime significant buoyancy. As a result of the news, the papers were filmed up to 2.9 percent via Xetra and had meanwhile climbed the tip of the weakening guide index DAX. Later, they stabilized at a gain of 0.55 percent. Finally, 0.08 percent higher from the trade were adopted at 51.40 euros. Previously, the papers had a loss of just under 1 percent.

The shops of the world's largest chemical company have developed better in the first quarter than expected how he was surprising in late trading. The operating result before interest, taxes and special items (EBIT) rose by around one-fifth for preliminary figures compared to the same period of the previous year and thus topped the expectations on the market. In the current year, BASF papers have lost about 15 percent.Ludwigshafen (DPA-AFX)

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