BASF Reports Profit Matching Estimates, Sees Growth in 2013

BASF SE (BAS), the world’s biggest chemical company, posted fourth-quarter profit that met analysts’ estimates and predicted improved results in 2013.

Earnings before interest, tax and one-time items increased to 1.8 billion euros ($2.4 billion), the Ludwigshafen, Germany- based company said today in a statement. Analysts had predicted 1.8 billion euros, according to a Bloomberg survey.

Quarterly sales rose to 19.6 billion euros, beating an analyst estimate of 19 billion euros. The company proposed paying an annual dividend of 2.60 euros, also in line.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.