Other

Q3 2022

Sales in Other rose considerably compared with the third quarter of 2021. This was primarily the result of considerably higher sales in commodity trading.

Income from operations (EBIT) before special items improved considerably. This was mainly due to higher income from hedging transactions, among other factors. In addition, income arose from the long-term incentive program after expenses in the prior-year quarter.

Download

Financial data – Other (Million €)

January–September

2022

2021

+/–

2022

2021

+/–

Sales

1,153

976

18.2%

3,235

2,552

26.8%

Income from operations before depreciation, amortization and special items^a

–2

–548

–787

30.3%

Income from operations before depreciation and amortization (EBITDA)^a

–31

–361

–881

59.0%

Depreciation and amortization^b

5.8%

116

105

10.0%

Income from operations (EBIT)^a

–68

–477

–987

51.7%

Special items

–5

–31

85.0%

187

–96

EBIT before special items^a

–39

–664

–892

25.6%

of which costs for cross-divisional corporate research

–73

–76

3.9%

–220

–223

1.3%

costs of corporate headquarters

–65

0.0%

–198

–184

–7.6%

other businesses

–53.3%

–21

foreign currency results, hedging and other measurement effects

–41

125

–72

miscellaneous income and expenses

115

128

–9.9%

–350

–477

26.7%

Assets (September 30)^{a, c}

23,928

23,667

1.1%

23,928

23,667

1.1%

Investments including acquisitions^d

9.3%

141

117

20.9%

Research and development expenses

9.3%

258

242

6.7%

a	BASF’s ethylene value chain was reorganized internally as of January 1, 2022. In this connection, the polyolefins and styrenics businesses of the joint venture BASF-YPC Company Ltd., Nanjing, China, which were previously reported under Other, were allocated to the Petrochemicals division. The prior-year figures have been adjusted. This reduced income from integral companies accounted for using the equity method, EBITDA before special items, EBITDA, EBIT and EBIT before special items in Other by €28 million in the first quarter of 2021 and increased these indicators in the Petrochemicals division accordingly (rounding differences are possible). The effect was €28 million in both the second and third quarters of 2021 and €34 million in the fourth quarter of 2021. The effect in full-year 2021 was €118 million. The operating assets were also reallocated as part of the reorganization and increased the Chemicals segment’s assets by €114 million as of December 31, 2021.
b	Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
c	Contains assets of businesses recognized under Other as well as reconciliation to assets of the BASF Group
d	Additions to property, plant and equipment and intangible assets

BASF Quarterly Statement Q3 2022

Other

Q3 2022

Services & Downloads