Download Excel file
Global
Investors
Segment Data and Regional Results
Quarterly Statement Q1 2022
Chemicals
-
1
| 1st Quarter | |||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 4,004 |
2,736 |
46.3% |
of which Petrochemicals |
2,763 |
1,937 |
42.6% |
Intermediates |
1,241 |
799 |
55.3% |
| Income from operations before depreciation, amortization and special itemsa | 1,048 |
766 |
36.8% |
| Income from operations before depreciation and amortization (EBITDA)a | 1,046 |
813 |
28.7% |
| Depreciation and amortizationb | 189 |
179 |
5.7% |
| Income from operations (EBIT)a | 857 |
633 |
35.4% |
| Special items | –1 |
47 |
. |
| EBIT before special itemsa | 858 |
586 |
46.5% |
| Assets (March 31)a | 11,367 |
8,476 |
34.1% |
| Investments including acquisitionsc | 228 |
128 |
78.2% |
| Research and development expenses | 25 |
26 |
–3.5% |
a BASF’s ethylene value chain was reorganized as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was € 28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021. For more information, see basf.com/publications
b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
c Additions to property, plant and equipment and intangible assets
Materials
| 1st Quarter |
|||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 4,821 |
3,447 |
39.9% |
of which Performance Materials |
2,164 |
1,732 |
24.9% |
Monomers |
2,657 |
1,715 |
54.9% |
| Income from operations before depreciation, amortization and special items | 954 |
863 |
10.6% |
| Income from operations before depreciation and amortization (EBITDA) | 952 |
843 |
12.9% |
| Depreciation and amortizationa | 203 |
195 |
4.0% |
| Income from operations (EBIT) | 749 |
648 |
15.6% |
| Special items | –2 |
–24 |
91.0% |
| EBIT before special items | 751 |
672 |
11.8% |
| Assets (March 31) | 11,921 |
9,696 |
23.0% |
| Investments including acquisitionsb | 142 |
105 |
35.3% |
| Research and development expenses | 47 |
42 |
12.5% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Industrial Solutions
| 1st Quarter |
|||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 2,493 |
2,108 |
18.3% |
of which Dispersions & Resins |
1,516 |
1,349 |
12.4% |
Performance Chemicals |
977 |
759 |
28.7% |
| Income from operations before depreciation, amortization and special items | 431 |
350 |
23.2% |
| Income from operations before depreciation and amortization (EBITDA) | 426 |
343 |
24.1% |
| Depreciation and amortizationa | 83 |
84 |
–1.5% |
| Income from operations (EBIT) | 343 |
259 |
32.4% |
| Special items | –5 |
–7 |
23.0% |
| EBIT before special items | 348 |
266 |
30.9% |
| Assets (March 31) | 6,714 |
6,855 |
–2.1% |
| Investments including acquisitionsb | 53 |
62 |
–14.9% |
| Research and development expenses | 43 |
44 |
–2.1% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Surface Technologies
| 1st Quarter |
|||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 5,457 |
5,947 |
–8.2% |
of which Catalysts |
4,514 |
5,110 |
–11.7% |
Coatings |
943 |
837 |
12.7% |
| Income from operations before depreciation, amortization and special items | 401 |
470 |
–14.6% |
| Income from operations before depreciation and amortization (EBITDA) | 395 |
466 |
–15.3% |
| Depreciation and amortizationa | 135 |
110 |
22.4% |
| Income from operations (EBIT) | 260 |
356 |
–27.0% |
| Special items | –7 |
–4 |
–67.7% |
| EBIT before special items | 267 |
360 |
–26.0% |
| Assets (March 31) | 15,528 |
13,349 |
16.3% |
| Investments including acquisitionsb | 109 |
73 |
49.8% |
| Research and development expenses | 95 |
67 |
41.3% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Nutrition & Care
| 1st Quarter |
|||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 1,971 |
1,533 |
28.6% |
of which Care Chemicals |
1,363 |
1,059 |
28.7% |
Nutrition & Health |
608 |
474 |
28.3% |
| Income from operations before depreciation, amortization and special items | 351 |
316 |
11.0% |
| Income from operations before depreciation and amortization (EBITDA) | 354 |
313 |
13.0% |
| Depreciation and amortizationa | 107 |
98 |
9.4% |
| Income from operations (EBIT) | 246 |
215 |
14.6% |
| Special items | 3 |
–3 |
. |
| EBIT before special items | 244 |
218 |
11.8% |
| Assets (March 31) | 7,738 |
6,579 |
17.6% |
| Investments including acquisitionsb | 107 |
100 |
6.8% |
| Research and development expenses | 40 |
40 |
0.4% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Agricultural Solutions
| 1st Quarter |
|||
Million € |
2022 | 2021 | +/- |
| Sales to third parties | 3,397 |
2,846 |
19.4% |
| Income from operations before depreciation, amortization and special items | 1,036 |
971 |
6.7% |
| Income from operations before depreciation and amortization (EBITDA) | 1,031 |
968 |
6.5% |
| Depreciation and amortizationa | 168 |
164 |
2.2% |
| Income from operations (EBIT) | 863 |
804 |
7.4% |
| Special items | –5 |
–3 |
–65.7% |
| EBIT before special items | 868 |
807 |
7.6% |
| Assets (March 31) | 17,238 |
16,546 |
4.2% |
| Investments including acquisitionsb | 61 |
48 |
26.7% |
| Research and development expenses | 237 |
216 |
9.9% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Other
| 1st Quarter |
|||
| Million € | 2022 | 2021 | +/- |
Sales to third parties |
940 |
783 |
20.0% |
| Income from operations before depreciation, amortization and special itemsa |
–478 |
–556 |
14.0% |
Income from operations before depreciation and amortization (EBITDA)a |
–494 |
–570 |
13.3% |
Depreciation and amortizationb |
40 |
35 |
13.6% |
Income from operations (EBIT)a |
–534 |
–604 |
11.5% |
Special items |
–16 |
–16 |
–1.4% |
EBIT before special itemsa |
–518 |
–589 |
12.1% |
of which costs for cross-divisional corporate research |
–73 |
–69 |
–5.8% |
costs of corporate headquarters |
–64 |
–58 |
–10.3% |
other businesses |
3 |
1 |
200.0% |
foreign currency results, hedging and other measurement effects |
32 |
–53 |
. |
miscellaneous income and expenses |
–416 |
–410 |
–1.4% |
Assets (March 31)a, c |
23,476 |
23,333 |
0.6% |
Investments including acquisitionsd |
41 |
29 |
42.7% |
Research and development expenses |
82 |
76 |
7.5% |
a BASF’s ethylene value chain was reorganized as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was € 28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021. For more information, see basf.com/publications
b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
c Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group
c Additions to property, plant and equipment and intangible assets
| Million € | Sales by location of company |
Sales by location of customer |
||||
1st Quarter |
2022 |
2021 |
+/– |
2022 |
2021 |
+/– |
Europe |
9,979 |
8,129 |
22.8% |
9,581 |
7,831 |
22.3% |
North America |
6,534 |
5,790 |
12.9% |
6,400 |
5,558 |
15.1% |
| Asia Pacific | 5,562 |
4,722 |
17.8% |
5,675 |
4,857 |
16.8% |
of which Greater China |
3,231 |
2,649 |
22.0% |
3,174 |
2,695 |
17.8% |
South America, Africa, Middle East |
1,008 |
759 |
32.8% |
1,427 |
1,154 |
23.7% |
BASF Group |
23,083 |
19,400 |
19.0% |
23,083 |
19,400 |
19.0% |