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BASF Q3 revenues leap 34%

BASF’s agricultural solutions division registered a 33.5% increase in sales to €832 million ($1,152 million at the current rate) in the third quarter of 2010. Strong volume growth of 29%, especially coming from Europe and South America, and positive currency effects of 11% more than offset a 6% decline in prices in the “seasonally slower” quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 58.6% to €111 million, while EBIT more than tripled to €66 million.



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