BASF posts 2013 results

Chemical company BASF has released its 2013 financial results. The company reported increased sales and earnings in 2013 compared with the previous year: "2013 was again a demanding year, with a lot of headwind for our industry. Nevertheless, we achieved our goal: We sold more, worked more closely together with our customers and enhanced our portfolio," said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE at the Annual Press Conference in Ludwigshafen.

Sales in the fourth quarter of 2013 were €18.1 billion, slightly above the same period of the previous year, though sales prices were slightly lower overall in the fourth quarter; negative currency effects lowered sales in all divisions.

For the full year, sales rose by just under 3% to reach €74 billion. Net income amounted to €4.8 billion, slightly above the previous years level.