Seed World

BASF Sees Good Quarterly Results in Crop Protection Businesses

The year started off well for BASF’s crop protection business. In the first quarter of 2015, higher volumes and positive currency effects led to sales growth. Compared with the first quarter of 2014, sales grew by 3 percent to €20.1 billion.
“Our chemicals and our crop protection businesses performed very successfully; earnings in these segments increased significantly,” said Kurt Bock, chairman of the board of executive directors, at the Annual Shareholders’ Meeting of BASF SE in the Congress Center Rosengarten in Mannheim, Germany.
Sales in the Agricultural Solutions segment rose by 15 percent to €1.9 billion, as a result of increased contributions from Europe and North America. Volumes grew in all indications. Positive currency effects and higher prices provided additional momentum to sales growth. EBIT before special items increased by €64 million to €574 million, largely because of increased volumes and prices as well as favorable exchange rate developments.
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