Statement of Income

Quarterly Statement Q1 2023

Million €	2023	2022	+/–
Sales revenue	19,991	23,083	–13.4%
Cost of sales	−14,744	−17,081	13.7%
Gross profit on sales	5,247	6,003	–12.6%

Selling expenses	−2,231	−2,220	–0.5%
General administrative expenses	−366	−366	0.2%
Research and development expenses	−538	−569	5.5%
Other operating income	310	311	–0.1%
Other operating expenses	−636	−505	–25.9%
Income from integral companies accounted for using the equity method	80	132	–39.3%
Income from operations (EBIT)	1,867	2,785	–33.0%

Income from non-integral companies accounted for using the equity method	179	−792	.
Income from other shareholdings	18	10	77.3%
Expenses from other shareholdings	−14	−15	6.3%
Net income from shareholdings	183	−797	.

Interest income	60	41	44.7%
Interest expenses	−179	−121	–48.5%
Interest result	−119	−79	–50.5%
Other financial income	33	13	149.8%
Other financial expenses	−32	−44	26.0%
Other financial result	1	−31	.
Financial result	−119	−110	–8.0%

Income before income taxes	1,930	1,878	2.8%
Income taxes	−326	−557	41.4%
Income after taxes	1,604	1,321	21.4%
of which attributable to shareholders of BASF SE (net income)	1,562	1,221	27.9%
of which attributable to noncontrolling interests	42	100	–57.7%

Earnings per share (€)	1.75	1.34	30.6%
Diluted earnings per share (€)	1.75	1.34	30.6%