BASF says that it has achieved sales growth of 56% from €12.7 billion to €19.8 billion in Q2 2021.

EBIT before special items increased to €2.4 billion, the company said.

‘The strong growth momentum of the previous two quarters has continued: thanks to higher prices and volumes, we can present very strong second-quarter results today,’ said Dr Martin Brudermüller, chairman. ‘We achieved volumes growth and price increases across all regions and all segments compared with the second quarter of 2020.’

According to the company, income from operations (EBIT) before special items in the second quarter of 2021 was higher than the pre-pandemic level of €1 billion in Q2 of 2019.

Sales in BASF’s Chemicals segment rose considerably by 91% compared to Q2 2020, to €3.4 billion, due to significantly higher price levels, strong demand and lower product availability, the company said. Compared with Q2 2020, sales in BASF’s Materials segment rose by 75% to €3.7 billion. Sales development resulted primarily from a significant demand-related increase in volumes.

The Industrial Solutions segment reported Q2 2021 sales of €2.4 billion, higher than in Q2 2020, particularly in the Dispersions and Pigments division, while sales in BASF’s Surface Technologies segment rose by 90% to €5.9 billion, again due to higher prices and volumes overall.

The company has raised its 2021 sales outlook to between €74 billion and €77 billion, and for EBIT before special items to between €7.0 billion and €7.5 billion.

This story uses material from BASF, with editorial changes made by Materials Today.