Home News OUTLOOK / BASF continue wid recovery from the previous quarter in 4Q

OUTLOOK / BASF continue wid recovery from the previous quarter in 4Q

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FRANKFURT (Dow Jones) – Chemicals group BASF is the view of Analysts in the final quarter of the recovery from the previous quarter, thanks have continued unchanged positive impulses from Asia and South America. Observers expect that the Ludwigshafen DAX Group in its Raised profit forecast in December for the fourth quarter, an EBIT before special items at the level of the third quarter of 2009 had been promised, will at least meet.
Would be extremely poor compared with the fourth quarter of 2008 this is a significant increase in profit. The weak prior-year basis, Cost saving measures and a recovery in demand mainly in the industrial chemicals segments here may have helped to explain the observers.
In the agricultural business analysts reckon the other hand, the LBBW Final quarter due to higher marketing costs and research and Development expenditures, with a decline in earnings year over year. Profits they expected because of declining results in the Gashandelsgeschäft in the oil and gas business.
The total annual figures BASF in 2009 in sales and earnings however, remain well below last year. In addition to weak demand BASF SE burden that higher integration costs resulting from the accelerated integration of the Swiss chemical company Ciba purchased. The figures for the fourth quarter and full year will be at the BASF Published Thursday.
When analysts forecast a dividend cut after EUR 1.95 per share last year. The chemicals group has already announced in view of the Ciba-integration to miss the target, 2009, the To earn capital. Achieving this goal is at BASF as a condition for a stable dividend.
In addition to the annual figures and the question of how much the dividend will be reduced, especially the Outlook 2010 is likely the focus of Interest on the balance sheet press conference are available. Analyst at Merck Finck & Co assume that BASF their statements on the future Keep development as usual, is very vague. They expect that the Chemicals group slightly higher sales and a further improvement of the EBIT before special items will strive.
LBBW expects that BASF for the first half of 2010 continue to forecast strong growth is compared with the extremely weak prior-year period. According to BASF data is strong in crisis decline in utilization of production facilities are now gone up again but still significantly reduced compared to Vorkrisenzeit. For the second half would be due to the limited BASF Visibility, however carefully show predicted LBBW.
The following are the estimates of Dow Jones Newswires Analysts surveyed for the fourth quarter and full-year 2009 and 2010, BASF SE (in EUR million, earnings per share and dividend in euros, according to IFRS).

   


EBIT von Erg. before

4. Quarterly Revenues EBITDA Sondereff. EBIT Taxes

AVERAGE 13,254 1,802 1,280 927 730

Last year 14,306 1,403 526 292 4

+ / – In% -7.4 +28 +143 +217 n.a.

MEDIAN 13,188 1,844 1,280 924 739

Maximum 13,894 1,999 1,356 1,023 843

Minimum 12,708 1,629 1,221 855 533

Number of 13 5 13 10 10

Erg nSt Results /

u.Dritten shares

AVERAGE 274 0.31

Year -313 -0.34

+ / – In% n.a. n.a.

MEDIAN 282 0.32

Maximum 446 0.49

Minimum 91 0.10

Number 12 10

EBIT von Erg. before

Full-year 2009 Revenues EBITDA Sondereff. EBIT Taxes

AVERAGE (1) 50,773 6,958 4,653 3,598 2,967

Last year 62,304 9,562 6,856 6,463 5,976

+ / – In% -19 -27 -32 -44 -50

MEDIAN (1) 50,707 7,000 4,653 3,595 2,976

Erg nSt Results / Div /

u.Dritten Shares Shares (2)

AVERAGE (1) 1,229 1.35 1.66

Last year 2,912 3.13 1.95

+ / – In% -58 -57 -15

MEDIAN (1) 1,237 1.36 1.75

EBIT von Erg. before

Total revenue in 2010 EBITDA Sondereff. EBIT Taxes

AVERAGE 54,747 7,990 5,649 4,852 4,150

MEDIAN 53,654 7,919 5,682 5,009 4,284

Maximum 60,002 9,286 6,537 5,717 4,866

Minimum 50,957 6,836 4,611 3,533 2,979

No. 7 4 6 5 5

Erg nSt Results / Div / Share

u.Dritten shares in 2010

AVERAGE 2,234 2.25 1.91

MEDIAN 2,228 2.42 1.95

Maximum 3,076 2.99 2.13

Minimum 1,259 1.37 1.75

Number 6 5 7

    
Source previous year's figures: Information Company Basics - as reported.
(1) Own calculation by Dow Jones Newswires on the basis of consensus
for the fourth quarter and the already reported
Nine-month figures.
(2) Based on analysts' survey.

Website: www.basf.com

- By Heide Oberhauser-Aslan, Dow Jones Newswires;
+49 (0) 69 29 725 113, heide.oberhauser @ dowjones.com

DJG / hoa / kla
Dow Jones Newswires


February 23, 2010 04:00 ET (09:00 GMT)