BASF Q1 Group Sales Down Nearly 30%, Chemical Segment Down 19%

Ludwigshafen, DE, April 29, 2016—In the first quarter of 2016, BASF Group sales decreased by 29% to €14.2 billion compared with the same quarter of the previous year. Earnings per share were €1.51 in the first quarter of 2016, compared with €1.28 in the same period of 2015.

In the chemicals segment, sales fell by 19% to €3.1 billion, predominantly as a result of price drops brought about by the decline in raw material prices. Sales volumes decreased particularly in the petrochemicals division in North America.