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Half-Year Financial Report 2016
Dear newsletter subscriber,
We are pleased to send you the latest edition of the Investor Relations Magazine. We publish this electronic journal four times a year immediately after the reporting dates. You will continue to receive important news releases by e-mail as soon as they are published.
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Your Investor Relations Team
Latest Publication
Half-Year Financial Report 2016: First-half earnings in chemicals business match prior-year level; outlook confirmed
- Sales and EBIT before special items considerably lower, primarily in Oil & Gas segment
- Performance Products and Functional Materials & Solutions segments with considerably higher earnings
- Outlook 2016 for BASF Group confirmed
BASF at the stock markets
BASF share performance 2nd quarter 2016
Stock market trends were positive at the beginning of the quarter, especially as oil prices recovered, the U.S. labor market data showed solid development and economic indicators improved in China. The remainder of the quarter, however, was marked by uncertainty in the runup to the British referendum on E.U. membership. The vote on June 23 to leave the European Union triggered losses on the stock markets.
BASF shares traded at €68.64 at the end of the second quarter, 3.5% above the first quarter’s closing price. Assuming the dividend of €2.90 paid out on May 2, 2016, was reinvested, our share performance was 7.8%. The DAX 30 and the European benchmark index DJ EURO STOXX 50 both fell over the same period by 2.9% and 2.6%, respectively. The global industry index MSCI World Chemicals remained at a nearly unchanged level, whereas DJ Chemicals lost 0.8%.
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Good credit ratings and solid financing
Rated “A1/P-1 outlook stable” by Moody’s and “A/A-1 outlook stable” by Standard & Poor’s, BASF enjoys good credit ratings, especially compared with competitors in the chemical industry. We continue to have solid financing.
Effective April 5, 2016, we tapped our 2013–2021 bond with a 1.875% coupon, increasing its volume by €300 million to €1 billion. With an issue price of over 100%, the result was an effective annual interest rate of 0.37%. We repaid a €500 million bond at the end of June 2016, as scheduled.
Financial communication honored again
Our financial communication has again won awards. We took first place among European chemical companies in the annual survey conducted by Britain’s IR Magazine. Institutional Investor Magazine recognized BASF in such categories as Best Investor Day and Best IR Program in the European Chemical Industry.
