Materials specialist BASF has reported Q2 sales of €16.3 billion, up 12% from the same period of 2016. Income from operations (EBIT) before special items in the second quarter rose by 32% year-on-year to €2.3 billion while at €1.5 billion, net income exceeded the previous second-quarter level by €404 million.

‘The positive demand trend continued in the second quarter of 2017,’ said Dr Kurt Bock, chairman of the board of executive directors of BASF. ‘We increased our year-on-year sales volumes for the fifth consecutive quarter. Compared with the same quarter of last year, we considerably improved our sales and earnings.’

 ‘We continue to expect a considerable increase in sales for the full year – by at least 6%. Given the considerable earnings increase in the first six months of the year, we now expect a considerable increase in EBIT before special items of at least 11% for 2017,’ said Bock.

This story is reprinted from material from BASFwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.