BASF publishes sales up 25% in the first quarter of 2011, to 19.4 billion euros, driven in part by Cognis, acquired last year.
The German chemicals group reported a rise in prices and volumes.
It recorded an operating profit excluding exceptional items up 40% to 2.7 billion euros, "despite the costs of the raw material prices. "
BASF also mentions a satisfactory rate of capacity utilization at its various sites.
The group added that the earthquake in Japan as well as geopolitical tensions in North Africa have not significantly impacted operations so far.
However, the division "Oil & Gas has seen its volume decline, due to the suspension of production in Libya.
The title BASF is down 0.6% on the DAX to 10:20.
The German chemicals group reported a rise in prices and volumes.
It recorded an operating profit excluding exceptional items up 40% to 2.7 billion euros, "despite the costs of the raw material prices. "
BASF also mentions a satisfactory rate of capacity utilization at its various sites.
The group added that the earthquake in Japan as well as geopolitical tensions in North Africa have not significantly impacted operations so far.
However, the division "Oil & Gas has seen its volume decline, due to the suspension of production in Libya.
The title BASF is down 0.6% on the DAX to 10:20.
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