For BASF, 2007 was another record year. Thanks to organic growth and the very positive development of the acquired businesses, BASF posted sales of almost 58 billion Euro and income from operations (EBIT) before special items of more than 7.6 billion Euro in 2007. “This is a great achievement,“ said Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF SE. „Our employees can be particularly proud of this great achievement because the economic challenges have increased in recent months.“ In 2007, BASF earned its highest ever premium of 2.9 billion Euro on its cost of capital and again grew profitably and faster than the market. Sales rose by more than 10 %. The operational integration of the acquired businesses is now complete and the activities contributed approximately 3.6 billion Euro to sales in 2007. Overall, EBIT before special items grew by approximately 5 %. The first weeks of 2008 have run on smoothly from the past year for BASF. The level of orders remains strong and the capacity utilization rates of the plants are high. BASF therefore expects that business will also develop positively in 2008.
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