BASF Full-Year Report 2022

Not only in Europe did 2022 turn out to be fundamentally different than had been expected at the beginning of the year. In addition to the volatile global economy and high inflation, China’s strict zero-COVID policy also had an adverse impact on markets. Nevertheless, BASF’s business proved robust. In 2022, sales rose by 11% to €87.3 billion (2021: €78.6 billion). Our employees demonstrated exceptional dedication. We were able to implement price hikes in nearly all segments. Income from operations (EBIT) before special items amounted to €6.9 billion, down by €890 million compared with the €7.8 billion recorded in 2021, but within our forecast range.