10.07.2020 BASF SE  DE000BASF111

DGAP-Adhoc: BASF SE: BASF Group: operating result in the second quarter of 2020 above market expectations; net income below market expectations due to impairment of shareholding in Wintershall Dea, mainly from oil and gas prices


 

DGAP-Ad-hoc: BASF SE / Key word(s): Quarter Results/Quarter Results
BASF SE: BASF Group: operating result in the second quarter of 2020 above market expectations; net income below market expectations due to impairment of shareholding in Wintershall Dea, mainly from oil and gas prices

10-Jul-2020 / 14:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


BASF Group: operating result in the second quarter of 2020 above market expectations; net income below market expectations due to impairment of shareholding in Wintershall Dea, mainly from oil and gas prices

Q2 2020:

- EBIT before special items expected to be €226 million (Q2 2019: €995 million)

- Net income expected to be minus €878 million due to a non-cash-effective impairment of the shareholding in Wintershall Dea (Q2 2019: €5,954 million)


Ludwigshafen - July 10, 2020 - BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to €12,680 million (Q2 2019: €14,478 million). EBIT before special items, which reflects the development of the BASF Group's operating business in the second quarter of 2020, amounted to an expected €226 million, above market expectations and in the range indicated by BASF, but considerably below the figure for the prior-year quarter (Q2 2019: €995 million). The decline in EBIT before special items is the result of significantly lower earnings in the Materials, Surface Technologies, Chemicals and Industrial Solutions segments compared with the prior-year quarter. This was mainly driven by lower demand from the automotive industry - the company's most important customer industry. Year-on-year earnings growth in the Nutrition & Care segment and in Other had an offsetting effect. Earnings in the Agricultural Solutions segment were at the level of the prior-year quarter.

The BASF Group's EBIT in the second quarter of 2020 amounted to an expected €59 million, considerably below the figure for the prior-year quarter (Q2 2019: €507 million).

The BASF Group's net income is expected to amount to minus €878 million due to a non-cash-effective impairment of the shareholding in Wintershall Dea, considerably below current analyst estimates and the figure for the prior-year quarter (Q2 2019: €5,954 million). The impairment of around €800 million is the result of lower oil and gas price forecasts and changed reserve estimates. In the prior-year quarter, net income included a book gain of €5,684 million on the deconsolidation of Wintershall following the merger of Wintershall and DEA as of May 1, 2019.

Further information

An overview of analyst estimates, which is compiled monthly on behalf of BASF, can be found at: www.basf.com/analysts-estimates.

On Wednesday, July 29, 2020 at 7:00 a.m. CEST, the company will publish the Half-Year Financial Report 2020 and will comment on the figures at the conference call for journalists (from 9:00 a.m. CEST) and the conference call for analysts and investors (from 11:00 a.m. CEST).

Contact
Dr. Stefanie Wettberg
Investor Relations
+49 621-60-48002
stefanie.wettberg@basf.com

Jens Fey
Corporate Media Relations
+49 621-60-99123
jens.fey@basf.com


10-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: BASF SE
Carl-Bosch-Straße 38
67056 Ludwigshafen
Germany
Phone: +49 (0)621 60-0
Fax: +49 (0)621 60-4 25 25
E-mail: info.service@basf.com
Internet: www.basf.com
ISIN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN: BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX
EQS News ID: 1091187

 
End of Announcement DGAP News Service

1091187  10-Jul-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 73.973,00 74.326,00 70.449,00 57.550,00 61.223,00 60.220,00 59.316,00 62.000,00
EBITDA1,2 10.432,00 11.043,00 10.649,00 10.526,00 10.765,00 8.970,00 8.036,00 0,00
EBITDA-Marge3 14,10 14,86 15,12 18,29 17,58 14,90 13,55 0,00
EBIT1,4 7.160,00 7.626,00 6.248,00 6.275,00 7.587,00 5.974,00 4.052,00 4.550,00
EBIT-Marge5 9,68 10,26 8,87 10,90 12,39 9,92 6,83 7,34
Jahresüberschuss1 5.113,00 5.492,00 4.301,00 4.255,00 6.352,00 4.979,00 8.491,00 0,00
Netto-Marge6 6,91 7,39 6,11 7,39 10,38 8,27 14,31 0,00
Cashflow1,7 8.100,00 6.958,00 9.446,00 7.717,00 8.785,00 7.939,00 7.474,00 0,00
Ergebnis je Aktie8 5,27 5,60 4.33 4,42 6,61 5,11 9,15 2,60
Dividende8 2,70 2,80 2,90 3,00 3,10 3,20 3,30 3,30
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
BASF
WKN Kurs in € Einschätzung Börsenwert in Mio. €
BASF11 49,155 Halten 45.147,82
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,29 13,69 0,957 8,76
KBV KCV KUV EV/EBITDA
1,17 6,04 0,76 8,504
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
3,30 3,30 6,71 29.04.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2020 29.07.2020 28.10.2020 28.02.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,98% -12,05% -27,02% -15,44%
    
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Chemie , BASF11 , BAS , XETR:BAS