By Cristina Roca 
 

BASF SE said Monday that its second-quarter earnings and sales rose, beating analyst views even though sales volumes fell slightly.

The German chemical company made a quarterly net profit of 2.09 billion euros ($2.13 billion), up from EUR1.65 billion a year earlier, according to preliminary figures.

The increase mainly came from higher income from BASF's stake in Wintershall Dea, it said.

Earnings before interest and taxes were EUR2.35 billion, compared with EUR2.32 billion a year prior.

Sales rose 16% to EUR22.97 billion, helped by higher prices. Volumes fell slightly compared with the prior-year period.

Analysts had expected BASF to post a net profit of EUR1.41 billion on sales of EUR21.34 billion, the company said, citing a consensus estimate provided by Vara.

BASF kept its guidance unchanged.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

July 11, 2022 12:12 ET (16:12 GMT)

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