BASF Group H1 2019 (XLS:) Download Q2 H1 2019 2018 +/– 2019 2018 +/– a Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) b Additions to intangible assets and property, plant and equipment Sales Million € 15,158 15,783 (4%) 31,335 31,483 0% Income from operations before depreciation and amortization and special items Million € 1,975 2,709 (27%) 4,638 5,722 (19%) Income from operations before depreciation and amortization (EBITDA) Million € 1,626 2,645 (39%) 4,415 5,640 (22%) Depreciation and amortizationa Million € 1,078 739 46% 2,109 1,471 43% Income from operations (EBIT) Million € 548 1,906 (71%) 2,306 4,169 (45%) Special items Million € (497) (66) . (471) (84) . EBIT before special items Million € 1,045 1,972 (47%) 2,777 4,253 (35%) Financial result Million € (204) (192) (6%) (400) (373) (7%) Income before income taxes Million € 344 1,714 (80%) 1,906 3,796 (50%) Income after taxes from continuing operations Million € 282 1,361 (79%) 1,448 2,942 (51%) Income after taxes from discontinued operations Million € 6,153 162 . 6,427 339 . Net income Million € 6,460 1,480 336% 7,866 3,159 149% Earnings per share € 7.03 1.61 337% 8.56 3.44 149% Adjusted earnings per share € 0.82 1.77 (54%) 2.47 3.69 (33%) Research and development expenses Million € 526 444 18% 1,037 868 19% Personnel expenses Million € 2,865 2,691 6% 5,768 5,307 9% Number of employees (June 30) 118,705 116,126 2% 118,705 116,126 2% Assets (June 30) Million € 88,759 81,857 8% 88,759 81,857 8% Investments including acquisitionsb Million € 1,060 829 28% 1,775 1,495 19% Equity ratio (June 30) % 46.0 43.1 . 46.0 43.1 . Net debt (June 30) Million € 18,872 12,588 50% 18,872 12,588 50% Cash flows from operating activities Million € 1,946 2,224 (13%) 2,319 3,455 (33%) Free cash flow Million € 965 1,402 (31%) 597 2,006 (70%) next