DGAP-Ad-hoc: BASF SE / Key word(s): Quarter Results/Forecast 
BASF SE: BASF Group releases preliminary figures for the second quarter of 2021 and increases forecast for full year 
2021 
09-Jul-2021 / 16:11 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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BASF Group releases preliminary figures for the second quarter of 2021 and increases forecast for full year 2021 
Q2 2021: 
- Sales expected to be EUR19,753 million 
(Q2 2020: EUR12,680 million) 
- EBIT before special items expected to be EUR2,355 million 
(Q2 2020: EUR226 million) 
- EBIT expected to be EUR2,316 million 
(Q2 2020: EUR59 million) 
Outlook 2021: 
- Sales expected between EUR74 billion and EUR77 billion 
(previous outlook 2021: EUR68 billion to EUR71 billion) 
- EBIT before special items expected between EUR7.0 billion and EUR7.5 billion 
(previous outlook 2021: EUR5.0 billion to EUR5.8 billion) 
Ludwigshafen - July 9, 2021 - BASF Group has released preliminary figures for the second quarter of 2021. Sales 
increased by 55.8 percent in the second quarter of 2021 to EUR19,753 million (Q2 2020: EUR12,680 million). This was driven 
by higher prices (+35 percent) and volumes (+28 percent); negative currency effects (-7 percent) had an offsetting 
effect. The average analyst estimates for BASF Group's sales in the second quarter of 2021 amount to EUR17,157 million. 
In the second quarter of 2021, the operating business of BASF Group has been able to maintain the strong momentum since 
the fourth quarter of 2020. EBIT before special items is expected to amount to EUR2,355 million, a considerable increase 
compared with the prior-year quarter, which was weak due to the pandemic (Q2 2020: EUR226 million). At EUR1,965 million, 
the average analyst estimates for EBIT before special items of BASF Group in the second quarter of 2021 are 
considerably below this figure. 
The Chemicals, Materials and Industrial Solutions segments considerably exceeded average analyst estimates for EBIT 
before special items in the second quarter of 2021. EBIT before special items was slightly below analyst consensus in 
the Surface Technologies segment and significantly below average analyst estimates in the Agricultural Solutions and 
Nutrition & Care segments. In Other, EBIT before special items was on the level of average analyst estimates. 
BASF Group's EBIT is expected to be EUR2,316 million in the second quarter of 2021, considerably above the figure for the 
prior-year quarter, which was weak due to the pandemic (Q2 2020: EUR59 million). EBIT in the second quarter of 2021 
includes a preliminary disposal gain of a mid-double-digit million-euro amount from the sale of the pigments business. 
The analyst consensus for EBIT in the second quarter of 2021 is EUR1,929 million. 
Outlook 2021 for the BASF Group 
Based on the strong business development in the first half of 2021 (Sales H1 2021: EUR39,153 million; EBIT before special 
items H1 2021: EUR4,676 million), BASF is increasing its outlook 2021 for sales and EBIT before special items. For the 
full year 2021, BASF Group now expects sales of EUR74 billion to EUR77 billion (previous outlook 2021: EUR68 billion to EUR71 
billion; analyst consensus 2021: EUR68,654 million; full year 2020: EUR59,149 million). EBIT before special items is now 
anticipated to reach between EUR7.0 billion and EUR7.5 billion in 2021 (previous outlook 2021: EUR5.0 billion to EUR5.8 
billion; analyst consensus 2021: EUR6,299 million; full year 2020: EUR3,560 million). The considerably increased earnings 
expectations in the Chemicals and Materials segments are the main reason for the increase of the forecast for 2021. 
This outlook is based on the following assumptions regarding the global economic environment in 2021: 
- Growth in gross domestic product: 5.5 percent (previously: 5.0 percent) 
- Growth in industrial production: 6.5 percent (previously: 5.0 percent) 
- Growth in chemical production: 6.5 percent (previously: 5.0 percent) 
- Average euro/dollar exchange rate of USD1.20 per euro (previously: USD1.18 per euro) 
- Average annual oil price (Brent crude) of USD65 per barrel (previously: USD60 per barrel) 
BASF's forecast assumes that there will be no severe restrictions on economic activity due to measures to combat the 
COVID-19 pandemic in the second half of 2021. 
Further information 
The overview of analyst estimates, which is compiled monthly on behalf of BASF, can be found at: www.basf.com/ 
analysts-estimates. 
On Wednesday, July 28, 2021 at 7:00 a.m. CEST, the company will publish the Half-Year Financial Report 2021 and will 
comment on the figures at a conference call for journalists (from 08:00 a.m. CEST) and a conference call for analysts 
and investors (from 10:00 a.m. CEST). 
Contact 
Dr. Stefanie Wettberg 
Investor Relations 
+49 621-60-48002 
stefanie.wettberg@basf.com 
Jens Fey 
Corporate Media Relations 
+49 621-60-99123 
jens.fey@basf.com 
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09-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      BASF SE 
              Carl-Bosch-Straße 38 
              67056 Ludwigshafen 
              Germany 
Phone:        +49 (0)621 60-0 
Fax:          +49 (0)621 60-4 25 25 
E-mail:       info.service@basf.com 
Internet:     www.basf.com 
ISIN:         DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, 
              Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, 
              Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, 
              Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter 
              Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, 
              Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, , 
WKN:          BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter 
              Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter 
              Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter 
              Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter 
              Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss 
              Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter 
              Wertpapierbörse, , WKN A0T65R, Börse Luxemburg, 
Indices:      DAX, EURO STOXX 50 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; 
              Regulated Unofficial Market in Tradegate Exchange; London, SIX 
EQS News ID:  1217405 
 
End of Announcement  DGAP News Service 
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1217405 09-Jul-2021 CET/CEST


 
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July 09, 2021 10:11 ET (14:11 GMT)