BASF sales increased 15% year-on-year in 2011

BASF recently announced that its 2011 sales increased by 15% year-on-year to 73.5 billion euros (about 97.8 billion US dollars).

In 2011, BASF’s operating profit was 8.4 billion euros (about 11.28 billion US dollars), an increase of 4%; EBIT was 8.6 billion euros (about 15.55 billion US dollars), an increase of 11%; net profit was 6.19 billion The euro (about 8.31 billion U.S. dollars) increased 35.8% year-on-year. Given the good financial situation in 2011, BASF plans to increase the annual dividend of shareholders by 13.6% year-on-year to 2.5 euros (about 3.36 US dollars).

In the fourth quarter of 2011, BASF’s sales were 18.1 billion euros (approximately US$24.3 billion). Thanks to sales growth, BASF’s fourth-quarter net profit rose 2.8% year-on-year to 1.13 billion euros (approximately US$1.52 billion).

For 2012, BASF expects the global economy to grow by 2.7% year-on-year; the average exchange rate of the euro against the US dollar is 1 dollar to 1.3 euros; the average oil price is 110 dollars per barrel.