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Global chemical giant BASF's net profit for the first quarter of this year reached 861 million euros, a substantial increase of 66% over the same period of last year; meanwhile, sales revenue increased by 11% year-on-year to 10.08 billion euros, which is also the quarterly sales revenue since the establishment of the company. For the first time exceeded 10 billion euros. The increase in performance was due to the strong growth in demand for plastics and chemicals and the company's restructuring strategy, which absorbed the pressure of rising raw material costs.
Royal/Netherlands Shell Group stated that its net profit in its chemical business for the first quarter of this year more than doubled from the same period last year to US$449 million, and sales revenue increased by 42% to US$6.28 billion. Agricultural chemicals giant Syngenta’s sales revenue in the first quarter of this year increased by 24% year-on-year to US$2.85 billion. DSM said that due to increased product sales and higher prices, the company's net profit rose by 35% year-on-year to EUR 131 million in the first quarter, while sales revenue increased by 4% to 1.98 billion EUR. German pharmaceutical chemicals giant Merck's net profit rose by 21% year-on-year to 120 million euros in the first quarter of this year, and sales revenue rose by 8% to 1.38 billion euros; the company expects double-digit growth in sales this year. the above. The business report of the olefins and derivatives division of BP, operating independently from April 1 this year, also showed that operating profit in the first quarter reached US$356 million, compared to a loss of US$105 million in the same period of last year. (Shaw)
According to the latest news from the US "Chem Weekly", due to strong demand and rising prices, the performance of European chemical companies in the first quarter of this year increased significantly.