Agricultural Solutions
In the Agricultural Solutions segment, we aim to further strengthen our market position as an integrated provider. Our offer comprises seeds and seed treatment products, as well as fungicides, herbicides, insecticides and biological solutions, complemented by digital products to help farmers achieve better yield. Our strategy is based on innovation- driven organic growth and targeted portfolio expansion through acquisitions. Customer needs, societal expectations and reducing environmental impacts are what motivate us to innovate.
Luximo®: novel herbicide active ingredient
Luximo® controls a broad range of resistant and difficult-to-control grass weeds in wheat and other cereal crops. It is the first herbicide since 1985 to receive a new mode of action classification from the global industry organization HRAC.1 With more than 50% carbon content of the active ingredient coming from renewable sources and no known cross-resistance, Luximo® offers farmers in Australia and, in the future, in the E.U. and U.K. a new solution for sustainable weed resistance management. We anticipate a peak sales potential2 for this product in the low three-digit million euro range.
Discover Luximo® at basf.com/luximo
1 Herbicide Resistance Action Committee
2 Peak sales describes the highest sales value to be expected in one year.
Factors influencing sales
EBIT before special items
Million € | 2021 | 2020 | 2019 |
Sales to third parties | 8,162 |
7,660 | 7,814 |
Share of total BASF sales (%) | 11 |
13 | 13 |
Income from operations before depreciation and amortization (EBITDA) before special items | 1,375 |
1,680 | 1,809 |
Income from operations before depreciation and amortization (EBITDA) | 1,358 |
1,582 | 1,647 |
EBITDA margin (%) | 16.6 |
20.7 | 21.1 |
Income from operations (EBIT) before special items | 715 |
970 | 1,095 |
EBIT before special items margin (%) | 8.8 |
12.7 | 14.0 |
Income from operations (EBIT) | 696 |
582 | 928 |
EBIT margin (%) | 8.5 |
7.6 | 11.9 |
Return on capital employed (ROCE) | 4.5 |
3.6 | 5.3 |