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Last Update: 03/12/2009
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Part of the audited Consolidated Financial Statements and Management´s Analysis

Business development BASF Group

Following a strong start, BASF Group’s business worsened steadily in the further course of 2008. In the first half of the year, we continued to grow strongly as in previous years. Toward the end of the year, however, the business environment was significantly impacted by the worldwide economic crisis. In this difficult business environment, we exceeded the record level of sales posted in 2007, but income from operations decreased compared with the previous year.

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Sales and earnings (million €)

 

 

 

2008

2007

Change in %

1

In the second quarter of 2008, we conducted a two-for-one stock split. The earnings per share figure for 2007 has been adjusted accordingly.

Sales

62,304

57,951

7.5

Income from operations before depreciation
and amortization (EBITDA)

9,562

10,225

(6.5)

EBITDA in percent of sales

15.3

17.6

Income from operations (EBIT) before special items

6,856

7,614

(10.0)

Income from operations (EBIT)

6,463

7,316

(11.7)

Financial result

(487)

(381)

(27.8)

Income before taxes and minority interests

5,976

6,935

(13.8)

Income before minority interests

3,305

4,325

(23.6)

Income before minority interests as a percentage of sales

5.3

7.5

Net income

2,912

4,065

(28.4)

Earnings per share (€)1

3.13

4.16

(24.8)

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Sales and earnings by quarter 2008 (million €)

 

 

1st quarter

2nd quarter

3rd quarter

4th quarter

2008

1

In the second quarter of 2008, we conducted a two-for-one stock split. The earnings per share figure for 2007 has been adjusted accordingly.

Sales

15,921

16,305

15,772

14,306

62,304

Income from operations before depreciation and amortization (EBITDA)

2,955

3,033

2,171

1,403

9,562

Income from operations (EBIT) before special items

2,354

2,408

1,568

526

6,856

Income from operations (EBIT)

2,303

2,359

1,509

292

6,463

Financial result

(122)

(38)

(39)

(288)

(487)

Income before taxes and minority interests

2,181

2,321

1,470

4

5,976

Net income

1,170

1,297

758

(313)

2,912

Earnings per share (€)1

1.24

1.39

0.82

(0.34)

3.13

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Sales and earnings by quarter 2007 (million €)

 

 

1st quarter

2nd quarter

3rd quarter

4th quarter

2007

1

In the second quarter of 2008, we conducted a two-for-one stock split. The earnings per share figure for 2007 has been adjusted accordingly.

Sales

14,632

14,656

13,963

14,700

57,951

Income from operations before depreciation and amortization (EBITDA)

2,673

2,663

2,355

2,534

10,225

Income from operations (EBIT) before special items

2,116

2,030

1,705

1,763

7,614

Income from operations (EBIT)

2,010

2,007

1,689

1,610

7,316

Financial result

(94)

(65)

(105)

(117)

(381)

Income before taxes and minority interests

1,916

1,942

1,584

1,493

6,935

Net income

1,035

1,024

1,213

793

4,065

Earnings per share (€)1

1.04

1.04

1.25

0.83

4.16

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