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 email@example.com
To contact the editor responsible for this story: Simon Thiel at firstname.lastname@example.org