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BASF announces fourth quarter and complete year 2012 results.Full year 2012:-Sales ? 78.7 billion (plus 7%)-EBIT ahead of special items ? 8.9 billion (plus 5%)-Record year in Agricultural Solutions and Oil & Gas ; earnings in the chemicals business below prior year4th quarter 2012:-Sales ? 19.6 billion (plus 9%)-EBIT prior to special things ? 1.8 billion (plus 18%)-Dividend proposal ? 2.60 (2011: ? 2.50) -Outlook 2013: Increase in sales and earnings targetedBASF maintained its good performance in 2012. The company exceeded the 2011 record levels in sales and income from operations (EBIT) and once again earned a substantial premium on the cost of capital. Dr. Kurt Bock , Chairman of the Board of Executive Directors of BASF SE, said: "The Oil & Gas and Agricultural Options segments achieved new records, while development in our chemicals business was weaker than in 2011." Sales in the fourth quarter of 2012 were ? 19.6 billion,replica oakley sunglasses, 9% higher than in the same quarter of the previous year. This increase was mainly due to higher volumes in almost all segments as well as price and currency effects. At ? 1.eight billion, EBIT prior to specific products was 18% above the level of the previous fourth quarter, mainly due to significantly higher volumes in Oil & Gas as well as improved earnings in Polyurethanes and Construction Chemicals.For the full year, BASF increased sales to ? 78.7 billion, up 7% compared with 2011. EBIT ahead of special items improved by 5% to ? 8.9 billion and EBIT by almost 5% to around ? 9 billion. Net income fell by ? 1.3 billion to ? 4.9 billion, due in part to the higher earnings contribution from Oil & Gas and thus the significantly higher taxes. Furthermore, gains from the sale of BASFs shares in K + S Aktiengesellschaft in 2011 were predominantly tax-free.At the Annual Shareholders Meeting, the Board of Executive Directors and the Supervisory Board will propose a higher dividend of ? 2.60 per share. This is an increase of ? 0.10 compared with the previous year. Based on the 2012 year-end share price of ? 71.15, the dividend yield would be 3.65 %. "At ? 6.7 billion, cash flow from operating activities once again reached a high level," said Dr. Hans-Ulrich Engel,oakley sunglasses sale, Chief Financial Officer of BASF. The equity ratio of 40.1% remained at a high level.
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