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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
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Delayed Quote. Delayed Xetra - 02/26 11:38:38 am
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BASF polyurethane powers high energy return in new Brooks Levitate running shoes

09/20/2017 | 12:16pm EST
  • New DNA AMP midsole using BASF technology delivers high energy return for leading performance running shoes

  • Polyurethane cushioning system is tailor-made for Brooks Running

WYANDOTTE, Mich., Sept. 20, 2017 (GLOBE NEWSWIRE) -- BASF’s polyurethane-based cushioning system is powering the latest innovation for runners with the launch of the all-new Brooks Levitate with DNA AMP performance running shoe available starting September 30.  

Based on seven years of run research and in partnership with BASF, the Brooks Levitate is the first to feature the DNA AMP midsole, which is made from a new blend of BASF’s Elastopan® Sports Light material. By refining the formula and making modifications to polyurethane on a molecular level, the DNA AMP midsole offers enhanced comfort and durability and provides runners 72 percent of energy return for every foot-pound of force (per Brooks‘ test method).

“Brooks Running is widely recognized as a leader in performance running shoes,” said Chau Nguyen, footwear market manager for BASF in North America. “Through our partnership to develop the all-new Levitate, BASF used its performance materials expertise to create a polyurethane midsole that is tailor-made for Brooks.”

This new cushioning material expands under the runner’s foot, returning more energy as force is applied; leading to less energy expended during a run. In addition, compared to traditional midsole materials such as ethylene-vinyl-acetate, BASF’s high performance polyurethane formulations improve the compression set effectiveness – the ability of the midsole to retain its original thickness – providing lasting wear and functionality during the life of the shoe.  

“We are seeing two key trends within the athletic shoe market: consumer demand for lightweight, comfortable and durable shoes and increased focus on automating the footwear production process,” said Nguyen. “The result is renewed interest in and use of high performance polyurethane for athletic shoes.”

For more than forty years, footwear manufacturers have relied on BASF’s material expertise and innovations in custom-tailored polyurethane systems and thermoplastic polyurethane elastomers for making all types of soles. As consumers continue to seek high-quality products that can improve their experience, BASF collaborates directly with leading brands throughout the entire development process, enhancing existing technologies or developing new technologies to meet performance demands.

“The Brooks Levitate with DNA AMP is engineered from the ground up to deliver runners an infinitely energetic experience,” said Zach Boteilho, senior innovation developer at Brooks Running. “We are excited to partner with BASF to bring to life the revolutionary new DNA AMP midsole technology that releases energy straight back to the runner, making the experience so fun they can run forever.”  

For a press photo, please click the following link:

https://www.basf.com/press-photos/us/en/photos/2017/09/09-20-17_BrooksLevitateBASF.jpg

About BASF’s Performance Materials Division

BASF’s Performance Materials division encompasses the entire materials knowhow of BASF regarding innovative, customized plastics under one roof. Globally active in four major industry sectors – transportation, construction, industrial applications and consumer goods – the division has a strong portfolio of products and services combined with a deep understanding of application-oriented system solutions. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. Strong capabilities in R&D provide the basis to develop innovative products and applications. In 2016, the Performance Materials division achieved global sales of € 6.9 bn. More information online: www.performance-materials.basf.com.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $17.4 billion in 2015. For more information about BASF’s North American operations, visit www.basf.us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com.

For more information contact:

Susan Jackson
BASF Corporation
Tel: (734) 324-6546
E-mail: susan.jackson@basf.com

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© GlobeNewswire 2017
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Financials
Sales 2020 58 436 M 70 538 M 70 538 M
Net income 2020 -1 366 M -1 648 M -1 648 M
Net Debt 2020 15 909 M 19 204 M 19 204 M
P/E ratio 2020 -45,6x
Yield 2020 4,38%
Capitalization 62 209 M 75 267 M 75 092 M
EV / Sales 2020 1,34x
EV / Sales 2021 1,27x
Nbr of Employees 117 922
Free-Float 99,0%
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Number of Analysts 26
Average target price 72,01 €
Last Close Price 67,73 €
Spread / Highest target 29,9%
Spread / Average Target 6,32%
Spread / Lowest Target -21,7%
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Managers and Directors
NameTitle
Martin Brudermüller Chairman-Executive Board
Hans-Ulrich Engel CFO & Vice Chairman-Executive Board
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer & Member-Executive Board
Franz Fehrenbach Independent Member-Supervisory Board
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