Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
May 03, 2019 12:00 AM

Lower diisocyanate prices hit BASF Materials Division in Q1 2019

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Ludwigshafen, Germany — BASF recorded  total sales of EUR 16.2bn in first quarter of 2019 up 3.0% on the same period in 2018.

    EBITDA across the business fell 6.9% and reached EUR  2.8bn in the first quarter of 2019 .

    Brudermuller: expected lower contributions from monomers

    Martin Brudermuller, CEO said 'As expected, this is due to the considerably lower contributions from the Materials and Chemicals segments.'

    In addition, he said: 'We had exceptionally high isocyanates margins and strong cracker margins in the first quarter of the previous year.'

    Brudermuller was speaking at the company's annual shareholders meeting, in Mannheim, Germany.

    The company's Materials Division had sales which fell 15.3% between Q1 2018 and Q1 2019. They reached EUR 3bn in the Q1 2019 period. This compares with EUR 3.46 m in the previous period.

    BASF attributed the fall to lower prices in its Monomers business, which contains the diisocyanates business. Sales volumes were also lower than in the 2018 quarter.

    Moreover, in the Performance Materials business, demand was weaker for polyurethane systems in Asian and European automotive and consumer goods industries.

    In addition, currency effects and lower monomers margins fed through to the earnings despite higher margins for performance materials. EBITDA across in the division fell 49.1% and reached EUR 491 m in the first quarter of 2019.

    BASF has restructured its business and segment data for 2018 has been restated to reflect the new organizational structure.

    BASF numbers Q1 2019 (EUR m)
    Group Q1 2019 Q1 2018 Change %
    Sales 16177 15700 3.0
    EBITDA 2789 2995 -6.9
    Margin % 17.2 19.1
    Materials
    Sales 2931 3460 -15.29
    Performance Materials 1547 1657 -6.64
    Monomers 1384 1803 -23.24
    EBITDA 491 964 -49.07
    Division margin % 16.8 27.9
    Source: BASF
    Recommended for You
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    Pearl Polyurethane and Covestro cooperate on climate-neutral MDI
    China moves to meet HCFC-141b phase out pledge
    China moves to meet HCFC-141b phase out pledge
    Record half at Kingspan, but orders start to dry up
    Record half at Kingspan, but orders start to dry up
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe