Germany: BASF’s Performance Products division’s sales fell by 5% year-on-year to Euro7.94bn in the first half of 2018 from Euro8.4bn in the same period in 2017. Its earnings before interest and taxation (EBIT) fell by 41% to Euro879m from Euro920m. The company blamed the falling sales and earnings on negative currency effects as well as reduced sales volumes from its Nutrition & Health division. The chemical producer manufactures polyurethane-based insulation foams as part of its Performance Products division. Overall, BASF’s sales and its EBIT grew in the reporting period.
