BASF Announces Annual report for 1996.LUDWIGSHAFEN Lud·wigs·ha·fen A city of southwest Germany on the Rhine River opposite Mannheim. Founded as a fortress in the early 17th century, it is now a leading center of the country's chemical industry. Population: 162,000. , Germany--(BUSINESS WIRE)--April 2, 1997--Some important figures from BASF's annual report 1996: -0- in millions of DM 1996 1995 Change BASF Group Sales 48,776 46,229 + 5.5% - thereof Germany 12,971 12,614 + 2.8% Profit before taxes 4,414 4,128 + 6.9% Net income after taxes and minority interests 2,790 2,471 + 12.9% Cash flow 6,798 6,368 + 6.8% Return on assets 11.4% 11.2% Capital expenditures 3,639 3,024 + 20.3% Research and development expense 2,286 2,088 + 9.5% Personnel expense 11,025 10,818 + 1.9% Number of employees (as of Dec. 31) 103,406 106,565 - 3.0% BASF Aktiengesellschaft Sales 20,607 21,061 - 2.2% - Germany 6,304 7,026 - 10.3% - Exports 14,303 14,035 + 1.9% Profit before taxes 2,215 2,301 - 3.7% Net income after taxes 1,701 1,354 + 25.6% Dividend payout 1,051 854 + 23.1% Appropriation to revenue reserves 650 500 + 30.0% Dividend per 5 DM share in DM 1.70 1.40 + 21.4% Capital expenditures 924 808 + 14.4% Personnel expense 5,197 5,309 - 2.1% Number of employees (as of Dec. 31) 44,402 44,625 - 0.5% In the first few months of this year, incoming Incoming is a 3-D shooter developed by Rage Software and published by Interplay. The PC version was released in late 1998, and the Dreamcast version, a launch title for the console, was released in 1998 in Japan and in 1999 in the rest of the world. orders and orders on hand have risen, compared with the end of last year. The company is reckoning with further volume increases and stable to slightly better prices. This improves prospects for 1997. CONTACT: BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Press Department 49-621-60-992 23 Business and Financial Press 49-621-60-999 38 Technical Press 49-621-60-999 14 Environmental & Personnel Issues 49-621-60-993 91 |
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